Monday, August 1, 2022

2 Aug 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher driven by buying mainly in plantation and energy stocks.

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Plan A : Consider long if the market stays above 1489. Targets are 1506 and 1513.

Plan B : Attempt short if the market stays below 1496. Targets are 1489 and 1478



 
FCPO

FCPO plummeted down during the first section and second section. Dalian closed -516 at 8120 while soybean oil -1.45 at 61.81. Ringgit maintained at 4.45 against the greenback.

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Plan A : Attempt short if the market rebound and stays below 3917. Targets are 3882 and 3853.

Plan B : Long if the market stays firm above 3917. Targets are 3958 and 3974.






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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