U.S. stocks rose on Tuesday, snapping a three-day losing streak as investors bought beaten-down social media and Internet shares.
Hong Kong shares climbed on Tuesday, bolstered by gains in market heavyweight Tencent, while strength in banking stocks pushed the China Enterprises Index to a 2-1/2-month high.
Plan A : Above 22761, do nothing
Plan B : Below 22316, do nothing
Plan C : Consider buying if market holds firm above 22548
Plan D : Cut below 22460
Plan E : Selling can only be attempted if market fails to breach above 22761 and triggers a sell
Plan F : Cut above 22822
FKLI
FKLI was holding well throughout yesterday's trading till the very last hour where sellers were visibly seen. Market however, might not fall much as ringgit is strengthening against U.S. dollar.
Plan A : Attempt buying near 1850 level if market holds firm above it
Plan B : Cut below 1848
Plan C : Eager intraday sellers can attempt selling if market fails to breach above 1858
Plan D : Cut above 1863
Plan E : Long term sellers would have to wait near 1870 level to attempt selling
Plan F : Cut above 1875
FCPO
Market has rebounded to the high of 2637 and continued to flush down to low of 2573. FCPO has chosen its way to extend the bear run. Soybean oil was up 0.68 cents yesterday and this might incur some turbulence during the market opening. Ringgit is also strengthen against the green back which means bear run might continue inevitably.
Plan A : Overnight seller may stay put at this moment. Resistance looking at 2610. Target is 2484.
Plan B : Intraday investor might want to try some selling at rebound. Resistance looking at 2597. Target profit is 2549.
Plan C : Buyer may want to stay out for the time being.
Plan D : Above 2620, do nothing.
Plan E : Below 2520, do nothing.
*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
No comments:
Post a Comment