Monday, June 6, 2022

7 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower due to persistent selling pressure in heavyweights as investors remained on edge amid the bleak external outlook and rising inflation.

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Plan A : Consider short if the market stays below 1543. Targets are 1530 and 1527.

Plan B : Attempt long if the market stays above 1546. Targets are 1551 and 1560.



FCPO

FCPO surge up during the second section. Dalian closed +70 at 12160 while soybean oil traded +0.29 at 81.48. Ringgit remained at 4.39 against the greenback.

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Plan A : Long if market supported firm above 6477. Targets are 6500 and 6519.

Plan B : Short only if market failed to support above 6477. Targets are 6441 and 6413.






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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