Thursday, May 26, 2022

27 May 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher, supported by buying demand in selected industrial products and services as well as telecommunications and services counters amid cautious sentiment on regional bourses.

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Plan A : Consider short if the market stays below 1547. Targets are 1539 and 1533.

Plan B : Attempt long if the market stays above 1539. Targets are 1544 and 1547.




FCPO

FCPO consolidates during the first and second section. Dalian closed +330 at 12096 while soybean oil traded -0.05 at 80.47. Ringgit strengthen to 4.37 against the greenback.

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Plan A : Short only if market failed to support above 6485. Targets are 6532 and 6556.

Plan B : Long if market supported firm above 6485. Targets are 6455 and 6431.






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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