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FKLI extended its gain on Monday, gaining 7-points to settle at 1523-level as investors cheered the stability of the political landscape following the appointment of new prime minister. However, low trading volume in the cash market is a concern.
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Plan A : Attempt buy if market trades firmly above 1520. Targets are 1530 and 1538.5.
Plan B : Consider short only if market surges but fails to breach above 1530. Targets are 1522 and 1517.
FCPO
FCPO runs up and down the borders of 4300's today, trying to breakthrough for a direction. Dalian closed +150 at 8168 while soybean oil traded +0.07 at 58.63. Ringgit stays at RM4.21 against the greenback.
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Afternoon Plan
Plan A : Short if market failed to support above 4283. Targets are 4260 and 4238.
Plan B : Long only if market supported firm above 4283. Targets are 4305 and 4330.
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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....