Thursday, December 29, 2022

30 Dec 2022 BMD

 


  LOCAL MARKET


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FKLI

FKLI ended higher as it is close to the end of the year.

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Plan A : Consider short if the market stays below 1472. Targets are 1464 and 1451.

Plan B : Attempt long if the market stays above 1472. Targets are 1485 and 1494




FCPO

FCPO surge up and continues to move upwards on the second session. Dalian closed +228 at 8336 while soybean oil traded -0.13 at 66.23. Ringgit strengthen to RM4.40 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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