FKLI

FKLI had a great recovery on the first trading day in 2020 after a great dump on Tuesday. The market recovered and supported well above the support levels and had a firm close at 1609.

Plan A : Continue to hold long as long as markets stays above 1607.5. Cut below 1604.

Plan B : Targets are 1611, 1614 and 1618.

Plan C : Attempt to short if market falls below 1606. Cut above 1609.

FCPO opened higher this morning to 3149 later plummeted, bringing the prices back to 3069 in the second session. Dalian and soybean oil are negative while Ringgit stays strong at RM4.09 against the greenback.

Plan A : Long only if market supported firm above 3080. Targets are 3095 and 3109.

Plan B : Short if market rebounded but failed to support above 3080. Targets are 3065 and 3052.

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