Monday, December 12, 2022

13 Dec 2022 BMD



 LOCAL MARKET


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FKLI

FKLI ended lower in tandem with the negative cues from the regional markets' performance amid heightened cautious sentiment.

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Plan A : Consider long if the market stays above 1472. Targets are 1477 and 1482.

Plan B : Attempt short if the market stays below 1472. Targets are 1467 and 1463




FCPO

FCPO rebounded during the opening and continues to goes up. Dalian closed +166 at 7712 while soybean oil traded +0.43 at 62.63. Ringgit weakened to RM4.43 against the greenback.

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Plan A : Short if market failed to support above 3882. Targets are 3847 and 3829.

Plan B : Long if market supported firm above 3882. Targets are 3938 and 3946.













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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