Sunday, September 25, 2022

26 Sep 2022 BMD



 LOCAL MARKET



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FKLI

FKLI ended lower with selling pressure seen across the board on concerns over the global economic outlook amid rising interest rates worldwide.

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Plan A : Consider short if the market stays below 1432. Targets are 1414 and 1406.

Plan B : Attempt long if the market stays above 1434. Targets are 1438 and 1446



FCPO

FCPO plummeted down during the first section and continues to further down. Dalian closed -492 at 7298 while soybean oil traded -1.21 at 62.47.
Ringgit weakened to RM4.59 against the greenback.

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Plan A : Long if market retraced and supported firm above 3516. Targets are 3551 and 3593.

Plan B : Short if market failed to support above 3516. Targets are 3473 and 3431.







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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