Sunday, March 27, 2022

28 March 2022 BMD

                         LOCAL MARKET


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FKLI

FKLI closed 7-points higher on Friday as Malaysia's reopening of international borders beginning April 1st boosted buying interest in real estate investment trusts, tourism-related counters and consumer products.

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Plan A : Remain buy as long as market trades firmly above 1590. Targets are 1603 and 1610.5.

Plan B : Consider short if market surges but fails to breach above 1610.5. Targets are 1603 and 1597.



FCPO

FCPO moved down on the second section. Dalian closed +80 at 11580 while soybean oil traded -1.17 at 73.58. Ringgit remained at 4.21 against the greenback.

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Plan A : Long if market retraced but supported firm above 5996. Targets are 6028 and 6047.

Plan B : Short only if market failed to support above 5996. Targets are 5961 and 5940.




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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