Tuesday, May 24, 2022

25 May 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower as continuous selling in selected healthcare and financial services counters pulled the index to end at intraday low, in line with negative sentiment on regional bourses

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Plan A : Consider short if the market stays below 1540. Targets are 1535 and 1525.

Plan B : Attempt long if the market stay firm above 1525 and rebound. Targets are 1535 and 1545.




FCPO

FCPO moved down during the first and second section. Dalian closed +64 at 11870 while soybean oil traded -0.3 at 79.83. Ringgit remained at 4.39 against the greenback.

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Plan A : Short only if market failed to support above 6397. Targets are 6346 and 6323.

Plan B : Long if market supported firm above 6397. Targets are 6414 and 6443.






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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