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FKLI ended on a flat note on Wednesday as investors remained on the sidelines, amid concerns over domestic political developments, while new COVID-19 cases in the country hit another fresh record high.
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Plan A : Attempt sell if market trades below 1521.5. Targets are 1513 and 1509.5.
Plan B : Consider long if market supports above 1509.5 and rebound. Targets are 1518 and 1521.5
FCPO
FCPO is taking a breather after a dive from 4530 a few days ago. Dalian closed -64 at 8172 while soybean oil traded -0.95 at 60.53. Ringgit stays at RM4.23 against the greenback.
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Afternoon Plan
Plan A : Long if market supported firm above 4326. Targets are 4351 and 4372.
Plan B : Short if market failed to support above 4326. Targets are 4305 and 4281.
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.
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....