FKLI rose near 20-points on the Christmas eve in responded to the KLCI which recovered strongly before the holiday. The market finally made a breakthrough of the 1660's level and made it to 1670's but still, failed to break above 1680. With the overnight Dow which plunged for more than 600-points before the holidays, our market could have been affected and thus buyers are advised to focus on profit-taking.
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Plan A : Attempt selling if market stays below 1679
Plan B : Cut above 1684
Plan C : Consider buying if market declines but still supported and rebounds from 1670
Plan D : Cut below 1665
FCPO
FCPO once again heading down south with market closing at day's low level last Monday. Market is expected to open lower today with bean and dalian acting negatively from Monday's close. Ringgit on the other hand stood at 4.177 against the green back.
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Plan A : Buy only if market corrects and holds firm above 2099. Targets are 2110 and 2118.
Plan B : Sell if market fails to support above 2118. Targets are 2110 and 2099.
Plan C : Above 2118, no fresh position
Plan D : Below 2099, 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.