Wednesday, May 11, 2022

12 May 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended marginally higher as investors continued to bargain-hunt stocks, particularly plantation and banking heavyweights.

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Plan A : Consider long if the market stays above 1543. Targets are 1553 and 1560.

Plan B : Attempt short if market failed to break 1557.5. Targets are 1548 and 1540.





FCPO

FCPO plummeted down during the first and second section. Dalian closed -98 at 11400 while soybean oil traded -1.21 at 82.24. Ringgit remained at 4.38 against the greenback.

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Plan A : Long if market supported firm above 6327. Targets are 6347 and 6375.

Plan B : Short only if market failed to support above 6327. Targets are 6275 and 6343.






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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