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FKLI lost 12.5-points on Friday as sentiment continued to be hampered by elevated COVID-19 cases and heightened political tensions after recent fiasco in Parliament.
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Plan A : Attempt sell if market recovers but fails to breach above 1501. Targets are 1490 and 1479.
Plan B : Consider long if market supports above 1490 and rebound. Targets are 1500 and 1509.
FCPO
FCPO slumped since morning, bringing the price back to 4100's. This is a significant drop since last Friday after tipping at 4498. Dalian closed -358 at 8150 while soybean oil traded -0.93 at 62.11. Ringgit stays at RM4.22 against the greenback.
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Afternoon Plan
Plan A : Long if market supported firm above 4169. Targets are 4191 and 4212.
Plan B : Short if market rebounded but failed to support above 4169. Targets are 4145 and 4128.
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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....