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FKLI reversed its gain and closed negative on Tuesday. Market potentially be weak for today especially if market fails to climb above the 1559.5 level. Expect market to face further selling pressure unless support level at 1544 not broken.
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Plan A : Remain short as long as market stays below 1559.5. Targets are 1544 and 1539.5.
Plan B : Consider long only if market supports firmly above 1544 and rebound. Targets are 1551 and 1559.5.
FCPO
FCPO leaped to 4400-mark today, attempting to stay supported. Dalian closed +202 at 8442 while soybean oil traded +0.59 at 57.46. Ringgit stays at RM4.15 against the greenback.
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Afternoon Plan
Plan A : Long if market retraced but supported firm above 4423. Targets are 4444 and 4469.
Plan B : Short if market failed to support above 4423. Target are 4402 and 4381.
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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....