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FKLI opened lower this morning following the weak overnight US market. Prices has been consolidated within the range for quite some time, waiting for a breakthrough.
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March Month
Plan A : Remain sell as long as market stays below 1565. Targets are 1555 and 1545.
Plan B : Consider long only if market supports above 1565. Targets are 1572 and 1580.
FCPO
FCPO gap-down this morning after a great depression from the overnight soybean oil and Dalian trading. Dalian closed -14 at 7534 while soybean oil traded -0.41 at 49.26. Ringgit stays at RM4.04 against the greenback.
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Plan A : Long if market supported firm above 3730. Targets are 3752 and 3775.
Plan B : Short if market failed to support above 3730. Targets are 3710 and 3678.
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 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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....