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FKLI fell 12.5-points as most component stocks succumbed to selling pressure amid rising COVID-19 cases in Malaysia. Market most likely going to open slightly positive after overnight U.S. markets recovered way off from its intraday low.
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Plan A : Remain sell as long as market stays trading below 1582. Targets are 1571.5 and 1567.
Plan B : Consider long only if market able to hold firm above 1571.5 and rebound. Targets are 1579.5 and 1582.
FCPO
FCPO briefly touched 4218 in the morning, it then rebounded to 4311 the second session. Dalian closed -100 at 8102 while soybean oil traded +0.60 at 67.07. Ringgit stays at RM4.14 against the greenback.
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Plan A : Long if market supported firm above 4291. Targets are 4312 and 4341.
Plan B : Short if market failed to support above 4291. Targets are 4269 and 4245.
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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....