Tuesday, December 27, 2022

28 Dec 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended mixed with the barometer index getting a last-minute push from Sime Darby Plantation Bhd.

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Plan A : Consider long if the market stays above 1470. Targets are 1479 and 1486.

Plan B : Attempt short if the market stays below 1470. Targets are 1467 and 1462





FCPO

FCPO opened high and flat during trading hours. Dalian closed +104 at 8174 while soybean oil traded -0.06 at 66.33. Ringgit remained at RM4.42 against the greenback.

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Plan A : Short if market failed to support above 4080. Targets are 4057 and 4019.

Plan B : Long if market supported firm above 4080. Targets are 4099 and 4146.










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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