Monday, January 16, 2023

17 Jan 2023 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower driven by persistent profit-taking against selected financial services and plantation counters, amid mixed sentiment on regional markets.

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Plan A : Consider long if the market stays above 1494. Targets are 1499 and 1504.

Plan B : Attempt short if the market stays below 1494. Targets are 1491 and 1487




FCPO

FCPO consolidated within the border of 3900's for the past few days. Dalian closed -10 at 7766 while soybean oil traded +0.29 at 62.40. Ringgit strengthen to RM4.31 against the greenback.

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Plan A : Short if market failed to support above 3888. Targets are 3853 and 3830.

Plan B : Long if market supported firm above 3888. Targets are 3921 and 3952.












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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