U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.
Hong Kong stocks were largely flat on Friday, when global markets calmed after China's central bank soothed investor fears triggered by the yuan's shock devaluation earlier in the week.
Plan A : Above 24204, do nothing
Plan B : Below 23750, do nothing
Plan C : Consider selling if market fails to break above 24133
Plan D : Cut above 24204
Plan E : Attempt buying if market holds firm above 24018
Plan F : Cut below 23900
FKLI
Market broke below a new low level last Friday and closed almost at day's low level despite attempts to make a recovery. Market is expected to remain weak today after RM went to a low of 4.121 against the greenback before recovering slightly. Any rebound could be seen as an opportunity to sell as sentiment remains weak.
Plan A : Wait for rebound to sell, possibly around the 1598-1600 level
Plan B : Cut above 1606
Plan C : Consider intraday buying only if market managed to hold above 1580
Plan D : Cut below 1577
FCPO
FCPO opened and stayed high for the day without any sign of retracement on last Friday. Today is the switch month and planning is based on the new month. Dalian and soybean oil are quite weak while Ringgit nails down to RM4.12 against the US Dollar.
Plan A : Intraday investor or fresh seller may sell if market could resist at 2061 or 2047. Target is 2014, 2000 and 1986.
Plan B : Buyer may stay out until market stabilize.
Plan C : Above 2060, do nothing.
Plan D : Below 2010, do nothing.
We are doing recruitment for our office in PJ..anyone interested kindly email us at futures.coin@gmail.com. Thank you
*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.
No comments:
Post a Comment