U.S. stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the yen and causing investors to flee riskier assets.
Hong Kong stocks ended slightly higher on Thursday as investors sought cues for direction ahead of China's March economic data.
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Plan A : Above 20347, do nothing
Plan B : Below 20100, do nothing
Plan C : Attempt buying if market holds firm above 20207
Plan D : Cut below 20140
Plan E : Consider selling if market stays below 20154
Plan F : Cut above 20251
FKLI
FKLI surged through the eleventh hour yesterday, touching an intraday high of 1720.5 before settling at 1717.5. Market is expected to open lower today after weak performance from overnight Dow. Another consolidation day to be expected if market remains trading between 1706-1720.5.
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Plan A : Consider buying if market gap down but holds firm above 1708
Plan B : Cut below 1702.5
Plan C : Attempt selling if market test 1720.5 one more time and fails to breach through
Plan D : Cut above 1726
FCPO
FCPO flattened for the day, however, the market finally broke down from the previous consolidation range. Dalian and soybean oil are lying at negative territories while Ringgit weakened against the greenback at RM3.93.
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Plan A : Sell if market rebounded and resisted around 2702. Targets are 2685, 2655 and 2631.
Plan B : Buy if market opened gap down and supported above 2685. Targets are 2702 and 2710. Only apply to opening hour in the morning.
Plan C : Above 2702, no fresh position.
Plan D : Below 2655, no fresh position.
*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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