LOCAL MARKET
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FKLI
FKLI ended slightly higher amidst the prevailing cautious sentiment in the market.
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Plan A : Consider long if the market stays above 1422. Targets are 1428 and 1433.
Plan B : Attempt short if the market stays below 1420. Targets are 1416 and 1412
FCPO
FCPO opened higher this morning but couldn't sustain and finally dropped back to 4160. Dalian closed +300 at 8238 while soybean oil +0.45 at 60.04. Ringgit stays weak at RM4.42 against the greenback.
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Plan A : Long if the market stays firm above 4237. Targets are 4258 and 4280.
Plan B : Attempt short if the market stays below 4237. Targets are 4215 and 4190.
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