FKLI
FKLI failed to hold onto previous day's gain and tumbled once again on Wednesday as investors recoiled following the record high Covid-19 cases domestically and also the ongoing political chaos in the country.
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Plan A : Remain sell as long as market stays below 1490. Targets are 1479 and 1471.
Plan B : Consider long if market supports above 1479 and rebound. Targets are 1486 and 1490.
FCPO
FCPO retraced during the early session to 4251 but not long after the market rebounded very swiftly, bringing the price back to 4300-mark. Dalian closed +172 at 8436 while soybean oil traded -0.24 at 61.30. Ringgit stays at RM4.21 against the greenback.
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Plan A : Long if market supported firm above 4305. Targets are 4328 and 4351.
Plan B : Short if market failed to support above 4305. Targets are 4282 and 4258.
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