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FKLI rose 11-points on Monday amid optimism over economic recovery and optimism over approval of $1.9 trillion stimulus package by U.S. senate.
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Plan A : Remain buy as long as market holds firmly above 1598. Targets are 1613 and 1619.
Plan B : Consider short only if market surges but fails to breach above 1613. Targets are 1599 and 1590.
FCPO
FCPO dived the second session following the turnaround from the regional markets, bringing the prices back below 3900's. Dalian closed -124 at 7618 while soybean oil traded +0.02 at 52.48. Ringgit weakened against the greenback at RM4.12.
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Plan A : Long if market supported firm above 3847. Targets are 3868 and 3889.
Plan B : Short if market failed to support above 3847. Targets are 3829 and 3810.
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....