Wednesday, April 19, 2023

20 Apr 2023 BMD



 LOCAL MARKET

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FKLI

FKLI ended lower due to profit-taking activities, ahead of the Hari Raya Aidilfitri holidays, amid weaker regional market performances.

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Plan A : Consider short if the market stays below 1429. Targets are 1419 and 1415.

Plan B : Attempt long if the market stays above 1429. Targets are 1432 and 1436




FCPO
 
FCPO moved down after gapping up for the past few days staying at the range of 3700'. Dalian trades -156 at 7232 for the day while soybean oil traded -0.24 at 54.92. Ringgit maintained at 4.43 against the greenback.
 

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Plan A : Long only if market supported above 3720. Targets are 3740 and 3765.

Plan B : Short if market fail to support above 3720. Targets are 3695  and 3670.



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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