29 December 2020 BMD

                         We are expanding to                    global  markets 

 See next article for the trade plan

LOCAL MARKET

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FKLI    

FKLI was seen holding well despite some retracement after touching an intraday high of 1659 yesterday. Market is expected to open firmer today after overnight Dow gained 204-points. Year end window dressing could help market push for the rest of the week/year but rally could be capped by lack of participation from investors who are off for long holiday.

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Plan A : Remain buy as long as market stays firm above 1647. Targets are 1658.5 and 1667.5. 

Plan B : Consider sell if market surges but fails to breach above 1658.5. Targets are 1647 and 1639.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.