Thursday, August 25, 2022

26 Aug 2022 BMD

 LOCAL MARKET


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FKLI

FKLI ended higher driven by improving market sentiment across the region.

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Plan A : Consider long if the market stays above 1490. Targets are 1510 and 1521.

Plan B : Attempt short if the market stays below 1485. Targets are 1478 and 1458




FCPO

FCPO still stays within consolidation range within the first and second section. Dalian closed -26 at 8622 while soybean oil traded +0.14 at 66.05. Ringgit stays within 4.47 against the greenback.

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Plan A : Short if market failed to support above 4245. Targets are 4213 and 4185.

Plan B : Long if market supported firm above 4245. Targets are 4278 and 4298.







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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