Thursday, February 16, 2023

17 Feb 2023 BMD

   LOCAL MARKET

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FKLI

FKLI ended lower due to profit-taking on a lack of fresh catalysts, as investors remained cautious amid the mixed performance of regional and global equity markets.

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Plan A : Consider short if the market stays below 1491. Targets are 1482 and 1476.

Plan B : Attempt long if the market stays above 1491. Targets are 1493 and 1497





FCPO
 
FCPO opened and continue to surge up, moving above 4100' as Dalian surged up. Dalian closed at +276 at 8186 while soybean oil traded -0.09 at 61.81. Ringgit weakened to RM4.43 against the greenback.
 

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Plan A : Short if market fail to support above 4135. Targets are 4103  and 4029.
 
Plan B : Long only if market supported above 4135. Targets are 4163 and 4189.







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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