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Bargain hunting activities pushed FKLI to gain 12-points on Wednesday with glove counters taking the lead after weeks of slump. Bank Negara Malaysia is due to meet for Monetary Policy Committee meeting today but economists are anticipating an unchanged stance on the Overnight Policy Rate.
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Plan A : Attempt sell only if market trades below 1576. Targets are 1570 and 1565.
Plan B : Consider long only if market supports above 1568.5 and rebound. Targets are 1575 and 1586.
FCPO
FCPO opened slightly higher this morning later stabilized above 3700-mark. Dalian closed +116 at 7466 while soybean oil traded +0.54 at 50.32. Ringgit stays at RM4.05 against the greenback.
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Plan A : Long if market supported firm above 3745. Targets are 3767 and 3788.
Plan B : Short if market failed to support above 3745. Targets are 3724 and 3701.
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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....