Thursday, August 3, 2023

4 Aug 2023 BMD

 LOCAL MARKET

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FKLI

FBM KLCI dropped 2.71 points or 0.19% to 1441.85 points. Following the recent pullback, the FBM KLCI could take a breather and consolidate between the support of 1410 points and the resistance of 1460 points.

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Plan A : Consider long if the market stays above 1439. Targets are 1447 and 1454.

Plan B : Attempt short if the market stays above 1439. Targets are 1432 and 1424






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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