U.S. stocks finished flat on Thursday as a drop in energy shares offset a rebound in retail sales and stronger-than-expected Cisco results.
Hong Kong stocks rebounded on Thursday, led by energy and tech shares after China's central bank signaled it won't let the yuan fall sharply further.
Plan A : Above 24179, do nothing
Plan B : Below 23904, do nothing
Plan C : Consider selling if market fails to break above 24094 and retrace
Plan D : Cut above 24179
Plan E : Attempt buying if market holds firm above 23999
Plan F : Cut below 23904
FKLI
Market was visibly weak despite attempts to decouple itself from its bear trend. Buyers were seen running out of steam with market failing to surge beyond 1627.5 despite stronger regional markets in the afternoon. Buyers might need to brace for more selling today if market were to trade below 1614.5 today
Plan A : Attempt selling if market fails to holds above 1614.5
Plan B : Cut above 1626
Plan C : No buying to be attempted for the time being
Plan D : Support seen at 1593
FCPO
FCPO rebounded firmly for the day after a slump at opening hour on Thursday. Dalian and soybean oil are quite weak this morning while Ringgit plunged to RM4.06 against the greenback, recording a new low over the years. The overview of the market is still on selling mode though short term charts are heading an upside. Investor could be cautious should a reversal be on its way.
Plan A : Overnight seller exited position yesterday. If you have not, resistance is 2027 and 2035. Target is 1936 and 1844.
Plan B : Intraday investor and fresh seller may sell if market could not break 2010. Target is 1936. May hold overnight if supports are breached.
Plan C : Buyer may stay out.
Plan D : Above 2010, do nothing.
Plan E : Below 1980, 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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