Wednesday, February 1, 2023

2 Feb 2023 BMD



  LOCAL MARKET


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FKLI

FKLI ended lower on the last trading day of January, echoing the negative performance of regional bourses and poor global market sentiment.

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Plan A : Consider short if the market stays below 1496. Targets are 1487 and 1483.

Plan B : Attempt long if the market stays above 1496. Targets are 1503 and 1509.



FCPO

FCPO dived below 3800 today following the weak Dalian market. Dalian traded -178 at 7654 while soybean oil traded +0.11 at 60.90. Ringgit strengthen to RM4.24 against the greenback.

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Plan A : Short if market rebounded but failed to support above 3800. Targets are 3779 and 3758.

Plan B : Long only if market supported firm above 3800. Targets are 3821 and 3845.














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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