11 Jan 2024 BMD

  LOCAL MARKET

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FKLI

The FBM KLCI (-0.80%) suffered from profit taking to snap its five-day winning streak with more than two third of the key index components closed in red.

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Plan A : Attempt long if the market stays above 1494. Targets are 1500 and 1511

Plan B : Consider short if the market stays below 1494. Targets are 1483 and 1477.

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.