Wednesday, August 10, 2022

11 Aug 2022 BMD

 LOCAL MARKET



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FKLI

FKLI ended lower in sync with regional bourses, as risk appetites were affected by the US inflation data amidst the ongoing corporate earnings season.

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Plan A : Consider long if the market stays above 1496. Targets are 1503 and 1510.

Plan B : Attempt short if the market stays below 1492. Targets are 1489 and 1482




FCPO

FCPO surged up during the first and second section. Dalian closed +164 at 8620 while soybean oil traded -0.3 at 65.69. Ringgit strengthen to 4.44 against the greenback.

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Plan A : Long only if market supported firm above 4194. Targets are 4221 and 4246.

Plan B : Short if market rebounded but failed to support above 4194. Targets are 4163 and 4126.






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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