Monday, November 21, 2022

22 Nov 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower as uncertainty over the formation of a new government continued to weigh on market sentiment.

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Plan A : Consider short if the market stays below 1449. Targets are 1426 and 1409.

Plan B : Attempt long if the market stays above 1449. Targets are 1454 and 1465.


FCPO

FCPO rebounded back to 4000 after a stretch of selling pressure over the past one week. Dalian closed +102 at 7942 while soybean oil traded +0.27 at 73.27. Ringgit stays at RM4.58 against the greenback. 

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Plan A : Short if market failed to support above 3963. Targets are 3940 and 3918.

Plan B : Long if market supported firm above 3963. Targets are 3989 and 4012.







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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