26 September 2018 (Wednesday)
FKLI
FKLI continue to further decline yesterday despite it traded within tight range. The market opened at almost day's low at 1788.5 but then it surged rapidly followed with KLCI and peaked at 1797 before it declined gradually and closed lower for 2-pts at 1791.
Today, the movement of global overnight main indices markets were generally closed higher but Dow was closed lower for 70-pts or 0.26%, hence we may still expect our market to trade below 1800's.
Today's planning:
Plan A: Consider selling if market keeps trading below 1800, cut above 1803.
Plan B: Continue buying if market well supported above 1787, cut below 1784.5.
Disclaimer: This information is intended to assist professional investors. 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.
FKLI
FKLI continue to further decline yesterday despite it traded within tight range. The market opened at almost day's low at 1788.5 but then it surged rapidly followed with KLCI and peaked at 1797 before it declined gradually and closed lower for 2-pts at 1791.
Today, the movement of global overnight main indices markets were generally closed higher but Dow was closed lower for 70-pts or 0.26%, hence we may still expect our market to trade below 1800's.
Today's planning:
Plan A: Consider selling if market keeps trading below 1800, cut above 1803.
Plan B: Continue buying if market well supported above 1787, cut below 1784.5.
Disclaimer: This information is intended to assist professional investors. 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.