Wednesday, October 6, 2021

07 October 2021 BMD

                                 LOCAL MARKET


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FKLI  

FKLI closed on a firm note on Wednesday, supported by persistent buying momentum for plantation and oil and gas stocks amid growing optimism about a global economic recovery.

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Plan A : Remain buy as long as market stays firm above 1544. Targets are 1562 and 1567.

Plan B : Consider short if market surges but fails to breach above 1562. Targets are 1548 and 1544.



FCPO


FCPO retraced today after a remarkable week of record highs every other day. Dalian will resume trading tomorrow while soybean oil traded +0.19 at 60.53. Ringgit stays at RM4.17 against the greenback. 


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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, mining.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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