FKLI

Ringgit has strengthen against the greenback at RM 3.22 today and after the gap up from yesterday, market seems to be holding firm above support. However, market has sign of breaking out maybe next week.

Plan A : Overnight buyer may need to be cautious taking support at 1854.5. Target is looking at 1874 and 1910.

Plan B : Intraday investor may want to trade within range of 1854 and 1865.

Plan C : Long term seller may sell if 1868 is not broken. Target is 1801.

Plan D : Above 1870, do nothing.

Plan E : Below 1840, do nothing.

FCPO

FCPO is still under selling pressure with prices traded lower in the second session. Therefore, buyer may want to stay conservative.

Plan A : Overnight seller may hold on to position unless resistance at 2585 is broken. Target price is looking at 2523.

Plan B : Intraday investor may wan to trade within range of 2552 and 2585.

Plan C : Long term buyer may want to wait for consolidation before reacting. No trade for today.

Plan D : Above 2592, do nothing.

Plan E : Below 2540, do nothing.

*Disclaimer: This information is intended to assist professional investors. 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