LOCAL MARKET
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FKLI
FKLI dipped at the opening on but quickly curbed the losses and traded higher in a steady course on Tuesday. Final hour surge helped market to settle at 1526 and buying momentum could continue today pending any negative surprises.
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Plan A : Remain buy as long as market stays firm above 1524. Targets are 1533 and 1538.
Plan B : Consider short if market surges but fails to breach above 1538. Targets are 1531 and 1525.
FCPO
FCPO surged for another day recorded a brand new high for the decades at 4880. Soybean oil traded +0.18 at 61.32 while Ringgit stays at RM4.18 against the greenback.
Plan A : Long if market supported firm above 4834. Targets are 4855 and 4878.
Plan B : Short if market failed to support above 4834. Targets are 4811 and 4789.
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.
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