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FKLI notched an intraday high of 1614.5 on Monday, driven by overnight stellar performance in Wall Street amid upbeat corporate earnings coupled with optimism of economic recovery.
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Plan A : Remain buy as long as market stays firm above 1601. Targets are 1612 and 1616.5.
Plan B : Consider short if market trades fails to breach and hold firm above 1612. Targets are 1606 and 1601.
FCPO
FCPO again recorded a new high today at 5082. Market still look firm and steady for an upside without much retracement signal. Dalian closed +194 at 9814 while soybean oil traded +0.74 at 63.13. Ringgit stays at RM4.16 against the greenback.
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Plan A : Long if market retraced but supported firm above 5036. Targets are 5058 and 5081.
Plan B : Short if market failed to support above 5036. Targets are 5012 and 4990.
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, mining.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....