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FKLI ended broadly higher on Thursday as investors took the opportunity to hunt for beaten down stocks. Market might open higher today but profit taking activities might kick in after recent run up.
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Plan A : Attempt sell if market surges but fails to breach above 1544.5. Targets are 1532.5 and 1528.5.
Plan B : Consider long only if market tested support at 1528.5 and rebound. Targets are 1533 and 1539.
FCPO
FCPO spiked to 4491 the open of second session then it slightly tumble back down while still holding firm above 4400-mark. Dalian closed +228 at 8706 while soybean oil traded -0.21 at 56.81. Ringgit stays at RM4.18 against the greenback.
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Afternoon Plan
Plan A : Short if market failed to support above 4430. Targets are 4408 and 4385.
Plan B : Long if market retraced but supported firm above 4430. Targets are 4451 and 4472.
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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....