Dow dipped 0.07% yesterday with modest losses, having faded after jumping to intraday records earlier in the session. Moreover, S&P 500 also fell 0.12% in conjunction with the Dow.
Hang Seng closed up 1.72% on Thursday. Though China stocks made their way up to the top, Hong Kong stocks are yet to seen to catch up.
Overnight seller was chased away yesterday after the resistance is breached.
Plan A : Overnight buyer hold on to position. Support is looking at 23628. Target is 24252.
Plan B : Intraday investor may buy if market could retrace and support above 23628 and 23710. Target is 24161.
Plan C : Seller could join the market if market could not sustain above 24200 level. Target is 23400. Place a stop.
Plan D : Above 24200, do nothing.
Plan E : Below 23600, do nothing.
FKLI
Market has been weak with recorded low everyday since Monday. The trend line continued to dip this morning and it is not surprised to see further fall today with the Malaysia stocks are exerted with selling pressure.
Plan A : Overnight seller hold on to position. Resistance is 1764. Target is 1724 and 1691.
Plan B : Intraday investor may stay out today as market is too far from resistance.
Plan C : Buyer stay out of market.
Plan D : Above 1770, do nothing.
Plan E : Below 1730, do nothing.
FCPO
After the strong rebound from 2083, market faded its limelight after tipping at high 2189. High chances of market to consolidate within 2100 'till 2200 level if there is no break out from the prominent support or resistance.
Plan A : Overnight seller may want to exit if support at 2143 held firm. Resistance is 2175.
Plan B : Buyer may buy if market could support above 2143. Target is 2226. May hold overnight if market could close above 2170 level.
Plan C : Intraday investor may range trade within 2175 to 2143.
Plan D : Above 2180, do nothing.
Plan E : Below 2140, 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