14 May 2015

HSI Futures

Wall Street's major indexes gave up early gains to end Wednesday's session little changed as some investors stood on the sidelines waiting for the next round of economic data at the tail end of earnings season.

Hong Kong stocks surrendered early gains and fell on Wednesday after fresh data showed China's economy lost more momentum in April. 

Plan A : Above 27382, do nothing
Plan B : Below 26932, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 27276
Plan D : Cut above 27382
Plan E : Consider buying only if market rebounds from 26932 and triggers a buy
Plan F : Cut below 26932


FKLI

Market made a remarkable recovery in the afternoon yesterday, closing at day's high level of 1807. It will be important for market to hold firm above 1800 for the rest of this week if market were to detach from its bearish mode. Malaysia's GDP due to release at 12 pm will likely slowed to 5.5 percent as compared to 5.8 percent from the previous quarter. 

Plan A : Consider buying if market retrace but holds firm above 1800
Plan B : Cut below 1793
Plan C : Attempt selling if market rebounds further but fails to break above 1815
Plan D : Cut above 1818


FCPO

FCPO retraced from the recent uptrend and settled at 2198 yesterday. Dalian and soybean oil are quite weak this morning while Ringgit strengthen at RM 3.58 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is looking at 2213. Target is 2171 and 2102.
Plan B : Intraday investor and fresh seller may sell if market could rebound and resist at 2206. Target is 2187 and 2171.
Plan C : Buyer stay out of market. 
Plan D : Above 2210, do nothing.
Plan E : Below 2170, do nothing.
   

*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.