Tuesday, November 22, 2022

23 Nov 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended mixed as market sentiment continued to be weighed by the latest developments in the local political scenario amid a weak external front.

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Plan A : Consider short if the market stays below 1449. Targets are 1436 and 1426.

Plan B : Attempt long if the market stays above 1449. Targets are 1455 and 1465





FCPO

FCPO trying to stay firm above 4000-mark today after the correction in the morning. Dalian closed +168 at 8068 while soybean oil traded +0.02 at 73.86. Ringgit stays at RM4.57 against the greenback.

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Plan A : Long if market supported firm above 4040. Targets are 4062 and 4089.

Plan B : Short if market failed to support above 4040. Targets are 4018 and 3997.





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