Wednesday, August 28, 2024

28 August 2024 BMD

                                                  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 local benchmark index gapped higher at the open as the positive momentum in the banking sector picked up amid the ongoing results period.

At the start of trading, the FBM KLCI rose 4.48 points to 1,657.77, as the country's heavyweight banks extended ther climb ahead of their earnings announcements later this week.

Plan A : Consider long if the market stays above 1660. Targets are 1668 and 1676.

Plan B : Attempt short if the market stays below 1660. Targets are 1652 and 1648.



FCPO
 
FCPO side way, testing the resistance around 3960 and support around 3905. Dalian traded -40 at 8014 while soybean oil traded +0.23 at 40.65 for the day. Ringgit strengthen to 4.34 against the greenback.

Plan A : Short only if market fail to support above 3960. Targets are 3940 and 3920.

Plan B : Long if market supported above 3960. Targets are 3980 and 3999.



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