Tuesday, March 15, 2022

16 March 2022 BMD

                             LOCAL MARKET


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FKLI

FKLI fell for third straight day to close 9-points lower on Tuesday amid profit taking on oil and gas, plantation and technology stocks.

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Plan A : Remain short as long as market stays below 1560. Targets are 1548 and 1542.5.

Plan B : Consider long if market holds firmly above 1552 and rebound. Targets are 1560 and 1565.5.




FCPO

FCPO surge up during the first and second section. Dalian closed +168 at 11418 while soybean oil traded +0.82 at 74.50. Ringgit weakened to 4.19 against the greenback.

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Plan A : Long if market retraced but supported firm above 5953. Targets are 5978 and 5994.

Plan B : Short only if market failed to support above 5953. Targets are 5915 and 5901.




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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