Monday, August 29, 2022

30 Aug 2022 BMD


 LOCAL MARKET

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FKLI

FKLI ended higher as buying interspersed with selling in heavyweights.

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Plan A : Consider long if the market stays above 1500. Targets are 1510 and 1515.

Plan B : Attempt short if the market stays below 1496. Targets are 1481 and 1476




FCPO

FCPO still stays within consolidation range within the first and second section. Dalian closed -108 at 8446 while soybean oil traded -0.73 at 65.71. Ringgit remained at 4.48 against the greenback.

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Plan A : Short if market failed to support above 4159. Targets are 4132 and 4117.

Plan B : Long if market supported firm above 4159. Targets are 4177 and 4193.






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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