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FKLI dipped 1-points on Tuesday after a subdued trading day. Market might open positive today after government decided to uplift MCO for several major states. Gains however could be capped with market likely to remain in consolidation for the time being.
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Plan A : Remain sell as long as market stays below 1573. Targets are 1562 and 1556.
Plan B : Consider long only if market supports above 1560 and rebound. Targets are 1571 and 1576.
FCPO
FCPO rebounded from low the second session following the recovery from the soybean oil and Dalian markets. Dalian closed -92 at 7360 while soybean oil +0.31 at 49.97. Ringgit stays at RM4.04 against the greenback.
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Plan A : Long if market supported firm above 3671. Targets are 3692 and 3715.
Plan B : Short only if market failed to support above 3671. Targets are 3650 and 3628.
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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....