The Official Kenanga Warrants Blog
Trading Idea: FBMKLCI-H8I
NagaWarrants
Publish date: Tue, 06 Aug 2019, 09:19 AM
NagaWarrants
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Official NagaWarrants Blog by Kenanga Investment Bank Bhd. We issue warrants to meet investors' demand for trading opportunities & alternative investments
This blog exists to offer quick updates & hopefully offer friendly, useful warrant info to achieve your trading goals.
Disclaimer: The info posted is for your info only & shall not be construed as an investment advice or solicitation to purchase. Please refer to the Base Prospectus & Term Sheets.
This blog exists to offer quick updates & hopefully offer friendly, useful warrant info to achieve your trading goals.
Disclaimer: The info posted is for your info only & shall not be construed as an investment advice or solicitation to purchase. Please refer to the Base Prospectus & Term Sheets.
This analysis was specially created for NagaWarrants by Fred Tam & his F1 Academy of Technical Analysis.
(Published author, technical analyst & Godfather of Japanese Candlesticks)
On 12/7/19, Fred Tam, famous Technical Analyst in Malaysia, used his TAD method and captured a sell signal and FBM KLCI has been going on a downtrend since then and temporary there's no signs of recovery.
Using our ESTI strategy, if you wish to gain exposure on FBM KLCI downtrend,
we highly recommend FBMKLCI-H8I
Effective Gearing: 7.2x (higher than H8M)
Sensitivity: 8 ticks
Time to Expiry: 31 Jan 2020 (Sufficient Time to Maturity)
His commentary as below.
The KLCI was lower by 16.35 points or 1.00% to close at 1610.41
Daily volume was higher and there were 162 gains vs 826 losers with 897 counters unchanged. KLCI tumbled in light of additional tariffs announcement by US President Donald Trump. The situation was aggravated by protest in Hong Kong that lasted for 9 consecutive weeks to defend against an extradition bill which turned sour yesterday. Yesterday they had its biggest protest ever, public road were blocked by protestors, more than 200 flights were cancelled amid disruption fears and MRT services were also affected. Even when protest became more violent, but protestors didn't back down and continued with their rallies.
This caused a crash on Hang Seng Index and affected the rest of the Asian stock markets, including Malaysia's market. All indices were in the red across the globe.
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