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FKLI bucking regional uptrend, losing 10.5-points on Monday as selected heavyweight counters went through some profit taking activities.
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Plan A : Attempt buy if market trades firmly above 1563. Targets are 1571.5 and 1577.
Plan B : Consider short only if market rebounds but fails to breach above 1572. Targets are 1567.5 and 1563.
FCPO
FCPO continue to wiggle within 4300 - 4400 like yesterday, waiting for a breakthrough. Dalian closed +72 at 8392 while soybean oil traded +0.19 at 59.19. Ringgit stays at RM4.14 against the greenback.
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Plan A : Long if market supported firm above 4357. Targets are 4378 and 4401.
Plan B : Short if market failed to support above 4357. Targets are 4335 and 4310.
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....