Sunday, September 17, 2023

18 Sep 2023 BMD

  LOCAL MARKET

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FKLI

FBM KLCI surged 9.45 points or 0.65% to 1459.03 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 short if the market stays a below 1455. Targets are 1461 and 1466.


Plan B : Attempt long if the market stays above 1455. Targets are 1448 and 1444








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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