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FKLI lost 7.5-points on Tuesday as market undertone turned weaker with foreign funds continue exiting the market.
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Plan A : Attempt short if market rebounds but fails to breach above 1581.5 . Targets are 1575.5 and 1570.5.
Plan B : Consider long only if market holds firm above 1570.5 and rebound. Targets are 1576 and 1581.5.
FCPO
FCPO booked its gain at open following the strong regional markets. Dalian is trading +212 at current market while soybean oil stays at positive region, +0.23. Ringgit strengthen against the greenback at RM4.12.
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Plan A : Long if market supported firm above 3839. Targets are 3861 and 3889.
Plan B : Short if market failed to support above 3839. Targets are 3817 and 3798.
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....