Thursday, March 10, 2022

11 March 2022 BMD

                             LOCAL MARKET


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FKLI

FKLI surged higher on Thursday, backed by improving market sentiment across the region and the broadly positive cues overnight from Wall Street.

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Plan A : Attempt short if market surges but fails to breach above 1565.5. Targets are 1554 and 1547.

Plan B : Consider long if market holds firmly above 1554 and rebound. Targets are 1560 and 1565.5.




FCPO

FCPO plummeted on the second section. Dalian closed +66 at 12346 while soybean oil traded -1.15 at 73.53. Ringgit weakened to 4.19 against the greenback.

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Plan A : Long if market retraced but supported firm above 6755. Targets are 6777 and 6792.

Plan B : Short only if market failed to support above 6755. Targets are 6732 and 6708.





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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