Thursday, August 18, 2022

19 Aug 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower on persistent profit-taking, mostly seen in transportation and logistics, as well as utilities companies, amid the weaker performance on the regional markets.

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Plan A : Consider long if the market stays above 1524. Targets are 1528 and 1535.

Plan B : Attempt short if the market stays below 1520. Targets are 1516 and 1513



FCPO

FCPO retraced to 4000 overnight later rebounded today, pricing back above 4100's. Dalian closed -72 at 8430 while soybean oil traded +0.41 at 64.68. Ringgit stays at RM4.47 against the greenback.

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Plan A : Long if market supported firm above 4141. Targets are 4163 and 4185.

Plan B : Short if market failed to support above 4141. Targets are 4120 and 4098.







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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