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FKLI closed higher on continuous buying in selected industrial products and services with more investors becoming more confident over the bullish domestic economic outlook.
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Plan A : Attempt long if market supports well above 1530. Targets are 1536 and 1540.
Plan B : Consider short only if market surges but fails to breach above 1545. Targets are 1539 and 1536.
FCPO
FCPO tumbled back down below 4400-mark in the first session later recovers from the morning losses following the China market. Dalian closed +56 at 8614 while soybean oil traded +0.19 at 57.65. Ringgit stays at RM4.18 against the greenback.
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Plan A : Long if market supported firm above 4431. Targets are 4452 and 4475.
Plan B : Short if market failed to support above 4431. Targets are 4408 and 4385.
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....