U.S. stocks ended lower on Friday after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September.
Hong Kong shares rose on Friday on hopes that China's stock markets are stabilizing after a 25-percent slide since mid-June, but gains were capped ahead of U.S. data which could prompt the Federal Reserve to start raising interest rates next month.
Plan A : Above 24531, do nothing
Plan B : Below 24200, do nothing
Plan C : Attempt selling if market trades below 24400
Plan D : Cut above 24531
Plan E : Consider buying only if market supports well above 24400 and rebounds
Plan F : Cut below 24345
FKLI
Market did a remarkable rebound from intraday low of 1658.5 to settle at 1677.5 for the day last Friday. Buyers were seen flowing in as market fails to break previous lowest level of 1657. However, weak RM will weigh on any further rebound as sentiment remains weak.
Plan A : Attempt selling as long as market stays below 1684
Plan B : Cut above 1690
Plan C : Intraday buying to be considered only if market stays firm above 1668
Plan D : Cut below 1661
FCPO
FCPO started to stabilize on Friday after visiting the low at 2006 on Thursday. Dalian and soybean oil are slightly on positive edges whilst Ringgit nails down to RM3.92 against the US Dollar. Market is on sell trend, however, it could be too low for selling before a rebound.
Plan A : Overnight seller may exit if resistance at 2056 is breached.
Plan B : Intraday investor may sell if market could not breach 2056. Target is 2031 and 1980.
Plan C : Buyer or intraday investor may buy if market could support above 2044. Target is 2056, 2078 and 2114.
Plan D : Above 2060, do nothing.
Plan E : Below 2040, do nothing.
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*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.
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