FKLI
U.S. stocks broke a five-week winning streak on Thursday with a strengthening dollar weighing on commodity-related shares. Markets in Australia, Hong Kong, Singapore, U.S. and Europe are close for Good Friday celebration today.
FKLI performed rather weak yesterday, staying below intraday resistance level throughout the day. However, it should remains as a buy as long as market stays trading above 1708 level. Only a convincing break below 1700 would spark a fresh round of panic selling.
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Plan A : Attempt buying if market stays firm above 1708
Plan B : Cut below 1704.5
Plan C : Consider intraday sell if market rebounds but fails to break above 1718
Plan D : Cut above 1721
FCPO
FCPO retreated to 2656 and regain the losses towards the second session. Soybean oil is closed for Good Friday. Dalian stays positive while Ringgit hovers around RM4.01 to RM4.03 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2692 or 2702. Targets are 2679, 2665, 2656 and 2640.
Plan B : Wait for market to stabilize. Buy if market retraced and supported above 2679. Targets are 2691 and 2702.
Plan C : Above 2702, no fresh position.
Plan D : Below 2656, no fresh position.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters 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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