Wednesday, May 18, 2022

19 May 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher on Wednesday on continuous nibbling in selected heavyweights including financial services, consumer, and oil and gas stocks.

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Plan A : Consider short if the market stays below 1549. Targets are 1542 and 1537.

Plan B : Attempt long if market stays above 1542 and rebound. Targets are 1547 and 1554.




FCPO

FCPO moved downside during the first section and recovered during the second section. Dalian closed +40 at 11552 while soybean oil traded +0.34 at 80.89. Ringgit weakened to 4.40 against the greenback.

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Plan A : Long if market supported firm above 6128. Targets are 6144 and 6171.

Plan B : Short only if market failed to support above 6128. Targets are 6089 and 6065.






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
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