Wednesday, January 25, 2023

26 Jan 2023 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower bucked the regional trend to end marginally lower after the long holiday weekend amid profit-taking in selected heavyweights.

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Plan A : Consider short if the market stays below 1501. Targets are 1494 and 1489.

Plan B : Attempt long if the market stays above 1501. Targets are 1508 and 1514






FCPO

FCPO maintained below 3700' for the second day. Dalian closed for the week while soybean oil traded +0.02 at 60.56. Ringgit strengthen to RM4.24 against the greenback.

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Plan A : Short if market failed to support above 3793. Targets are 3747 and 3713.

Plan B : Long if market supported firm above 3793. Targets are 3821 and 3866.







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
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