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Market continued showing signs of consolidation with FKLI trading directionless on Thursday. Similar trading pattern can be expected today, pending any fresh market catalysts.
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Plan A : Remain short as long as market stays trading below 1585. Targets are 1575 and 1571.
Plan B : Consider long only if market trades firmly above 1571 and rebound. Targets are 1577 and 1583.
FCPO
FCPO flattened after a dip in the morning. Market attempted to breach above 3800-mark the second session. Dalian closed -188 at 7432 while soybean oil -0.14 at 70.32. Ringgit stays at RM4.10 against the greenback.
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Plan A : Short if market failed to support above 3773. Targets are 3750 and 3722.
Plan B : Long if market supported firm above 3773. Targets are 3795 and 3808.
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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....