Thursday, July 7, 2022

8 Jul 2022 BMD


  LOCAL MARKET


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FKLI

FKLI ended slightly higher amidst the prevailing cautious sentiment in the market.

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Plan A : Consider long if the market stays above 1422. Targets are 1428 and 1433.

Plan B : Attempt short if the market stays below 1420. Targets are 1416 and 1412


 

FCPO

FCPO opened higher this morning but couldn't sustain and finally dropped back to 4160. Dalian closed +300 at 8238 while soybean oil +0.45 at 60.04. Ringgit stays weak at RM4.42 against the greenback.

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Plan A : Long if the market stays firm above 4237. Targets are 4258 and 4280.

Plan B : Attempt short if the market stays below 4237. Targets are 4215 and 4190.

 






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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