20 January 2015

HSI Futures

European shares hit a seven-year high on Monday, rising for a third day as Italian banks rallied on the prospect of a corporate governance revamp, and Swiss stocks clawed back some of last week's losses.

China stocks suffered their biggest one-day percentage drop since the global financial crisis, dragged down by record tumbles for banks as authorities battled market speculation that fuelled a late 2014 spurt in share prices. A raft of data from China due to release today will be main focus for investors today.

Plan A : Above 24056, do nothing
Plan B : Below 23629, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23883
Plan D : Cut above 24056
Plan E : Consider intraday buy if market supports above 23629 and rebounds
Plan F : Cut below 23464


FKLI

Market hold firm throughout yesterday but focus will turn to adjustments to Budget 2015 due to announced by Prime Minister, Datuk Seri Najib Razak today.

Plan A : Attempt selling if market opens higher but fails to break above 1753
Plan B : Cut above 1758
Plan C : Consider a long if market holds stubbornly above 1739
Plan D : Cut below 1733


FCPO

FCPO started to trend down in charts despite the weaker Ringgit at RM 3.58 against the greenback. However, market might just be taking a short breather as the weaker Ringgit may limit the downside of the market. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2337. Target is 2249.
Plan B : Fresh seller or intraday investor may sell if market resisted at 2330. Target is 2282.
Plan C : Buyer may stay out of market.
Plan D : Above 2340, do nothing.
Plan E : Below 2300, 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