FKLI

FKLI had a quick dive from 1541 to 1524.5 within the first 30-minutes upon market opened as panic selling pressure kicks in due to the rising fear towards the coronavirus. 

The market then rebounded to closed at 1537, followed with the recovery in KLCI and regional markets which were boosted by the unofficial reports on medical breakthroughs in the fight against the coronavirus.

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Plan A : Attempt to short if market still does not breach above 1546.5. Cut above 1550.

Plan B : Targets are 1543, 1540.5 and 1537.

Plan C : Consider to long if FKLI rebounds from 1528.5. Cut below 1524.

Plan D :Targets are 1532, 1535.5 and 1539.

FCPO

FCPO soared to 2846 early afternoon session after a brief correction to 2794. Dalian and soybean oil are positive in net change while Ringgit stays at RM4.12 against the greenback.

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Plan A : Short if market failed to support above 2828. Targets are 2807 and 2786.

Plan B : Long only if market retraced but supported firm above 2828. Targets are 2841 and 2864.

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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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.