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FKLI stayed downbeat on 1st trading day of May as investors still cautious with the prospect of MCO 3.0 which is expected to be announced later today. Any rebound might present an opportunity to sell as market look likely to remain weak for the time being.
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Plan A : Remain sell as long as market stays trading below 1599. Targets are 1590 and 1581.5.
Plan B : Consider buy only if market supported firmly above 1590 and rebound. Targets are 1598 and 1601.
FCPO
FCPO opened lower today, rebounded back above 4000 not long after. Soybean oil traded +0.12 at 63.18 while Ringgit stays at RM4.11 against the greenback.
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Plan A : Long if market supported firm above 4053. Targets are 4075 and 4100.
Plan B : Short if market failed to support above 4053. Targets are 4030 and 4011.
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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....