Monday, May 29, 2023

30 May 2023 BMD


   LOCAL MARKET


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FKLI

FBM KLCI was flat after adding 1.95 points or 0.14% to 1404.93 points. Following the recent flattish performance, the FBM KLCI could remain sideways above its support of 1393 points.

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Plan A : Consider short if the market stays below 1405. Targets are 1399 and 1394.

Plan B : Attempt long if the market stays above 1405. Targets are 1409 and 1415



FCPO
 
FCPO comes back down after failing to break the resistance around 3570. Dalian trade -150 at 6606 while soybean oil traded -0.387 at 48.45. Ringgit maintained at 4.61 against the greenback.
 

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Plan A : Short if market fail to support above 3520. Targets are 3499  and 3470.

Plan B : Long only if market supported above 3520. Targets are 3547 and 3579.





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