LOCAL MARKET
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FKLI
FKLI snapped its three day winning streak as investors booked profits after recent run up with concerns over possible inflation.
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Plan A : Remain buy as long as market stays firm above 1587. Targets are 1602 and 1606.5.
Plan B : Consider short if market trades below 1602. Targets are 1594 and 1587.
FCPO
FCPO climbed back firm above 4900-mark today after yesterday's correction. Dalian closed +74 at 9422 while soybean oil traded +0.46 at 60.90. Ringgit stays at RM4.15 against the greenback.
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Plan A : Long if market retraced but supported firm above 4944. Targets are 4965 and 4990.
Plan B : Short if market failed to support above 4944. Targets are 4921 and 4900.
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.
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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