13 Sep 2023 BMD

  LOCAL MARKET

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FKLI

FBM KLCI was flat after shedding 1.65 points or 0.11% to 1453.39 points. The FBM KLCI may continue to trade sideways and remain below the resistance level of 1465 points, which has been a barrier for the index since July.

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Plan A : Consider long if the market stays a above 1435. Targets are 1442 and 1446.

Plan B : Attempt short if the market stays below 1435. Targets are 1433 and 1428

FCPO

 

FCPO moved sideway, trying to test the support around 3660.  Ringgit weaken to 4.65 against the greenback.

 

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Plan A : Long only if market supported above 3680. Targets are 3720 and 3748.

Plan B : Short if market fail to support above 3680. Targets are 3640 and 3620.

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that investment.