Tuesday, June 7, 2022

8 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower amid persistent selling pressure in selected heavyweights as weak sentiment prevailed in the region.

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Plan A : Consider long if the market stays above 1527. Targets are 1535 and 1539.

Plan B : Attempt shor if the market stays below 1543. Targets are 1530 and 1522.



FCPO

FCPO surge up during opening and retrace during the second section. Dalian closed +62 at 12144 while soybean oil traded +0.76 at 82.20. Ringgit remained at 4.39 against the greenback.

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Plan A : Short only if market failed to support above 6469. Targets are 6443 and 6417.

Plan B : Long if market supported firm above 6469. Targets are 6495 and 6519.






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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