16 July 2021 BMD

                     LOCAL MARKET

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FKLI

FKLI closed higher by 13-points on Thursday amid bargain hunting and tracking cash market gains. It will be important for market to hold above 1520-level today if it were to detach from recent bearish tone.

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Plan A : Attempt short if market trades consistently below 1520. Targets are 1510 and 1506.

Plan B : Consider long only if market trades resiliently above 1516. Targets are 1523 and 1528.

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