Thursday, March 23, 2023

24 Mar 2023 BMD



 LOCAL MARKET


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FKLI

FKLI ended mixed weighed by financial services stocks amid weak market sentiment.

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Plan A : Consider short if the market stays below 1406. Targets are 1401 and 1393.

Plan B : Attempt long  if the market stays above 1406. Targets are 1413 and 1418



FCPO
 
FCPO rebounded after gapping down for the past few days, maintaining above 3600'. Dalian closed at +24 at 7330 while soybean oil traded +0.7 at 52.87. Ringgit weaken to 4.42 against the greenback.
 

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Plan A : Short if market fail to support above 3637. Targets are 3599  and 3580.
 
Plan B : Long only if market supported above 3637. Targets are 3656 and 3672.





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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