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FKLI finished at its intra-day high on Wednesday, lifted by late buying in selected financial services as well as industrial products and services counters.
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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 1546. Targets are 1536 and 1530.
FCPO
FCPO surged following the China market before it closed for the long festive holiday. Dalian closed +286 at 8888 while soybean oil traded +0.37 at 58.20. Ringgit stays at RM4.18 against the greenback.
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Plan A : Long if market retraced but supported firm above 4504. Targets are 4528 and 4551.
Plan B : Short only if market failed to support above 4504. Targets are 4481 and 4460.
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....