Wednesday, April 5, 2023

6 Apr 2023 BMD



  LOCAL MARKET


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FKLI

FKLI ended lower dragged by profit-taking, particularly for large-cap stocks.

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Plan A : Consider short if the market stays below 1431. Targets are 1422 and 1412.

Plan B : Attempt long if the market stays above 1431. Targets are 1436 and 1441




FCPO
 
FCPO comes back down after Dalian moved downside. Dalian trades -38 at 7786 for the day while soybean oil traded -0.3 at 54.89. Ringgit weakened to 4.40 against the greenback.
 

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Plan A : Short if market fail to support above 3875. Targets are 3850  and 3832.

Plan B : Long only if market supported above 3875. Targets are 3903 and 3924.


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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