Monday, August 26, 2024

26 August 2024 BMD

   No comments

                                                  LOCAL MARKET


Our trade results are posted in our FB page. Click link below to access:-

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 Click here to contact us : https://goo.gl/B6Dccf 



FKLI

The FBM KLCI (-0.36%) closed lower, pressured by selling in Banking and Utilities heavyweights, particularly PBBANK (-6.0 sen) and PCHEM (-14.0 sen), as investors traded cautiously following the selloff on Wall Street.

Plan A : Consider long if the market stays above 1638. Targets are 1644 and 1652.

Plan B : Attempt short if the market stays below 1638. Targets are 1630 and 1624.



FCPO
 
FCPO recovered, testing the resistance around 3990. Dalian traded +286 at 8078 while soybean oil traded +0.29 at 40.67 for the day. Ringgit strengthen to 4.34 against the greenback.

Plan A : Long only if market supported above 3888. Targets are 3920 and 3949.

Plan B : Short if market fail to support above 3888. Targets are 3842 and 3820.



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.   

0 comments:

Post a Comment