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FKLI continued its upward momentum to close higher on Monday, driven by persistent buying support in selected utilities counters, in line with bullish sentiment on the regional market. Market however, might face profit taking activities today after recent run-up.
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Plan A : Attempt buy if market trades firmly above 1581. Targets are 1594 and 1599.
Plan B : Consider short only if market surges but fails to breach above 1594. Targets are 1585.5 and 1577.
FCPO
FCPO dived below 4200 this morning following the weak performance from the regional markets. Dalian closed -186 at 8054 while soybean oil traded -0.07 at 58.68. Ringgit strengthen against the greenback at RM4.14.
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Afternoon Plan
Plan A : Long if market supported firm above 4244. Targets are 4266 and 4289.
Plan B : Short if market failed to support above 4244. Targets are 4221 and 4198.
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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....