24 May 2016

HSI Futures

Wall Street ended lower on Monday as a bounce in Apple failed to offset concerns that the U.S. Federal Reserve could raise interest rates sooner than later.

Hong Kong shares gave up initial gains and ended Monday flat, reflecting continued investor caution amid worries about China's economy and a possible U.S. interest rate hike next month.

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Plan A : Above 19996, do nothing
Plan B : Below 19696, do nothing
Plan C : Attempt buying if market holds firm above 19913
Plan D : Cut below 19846
Plan E : Consider selling if market trades below 19846
Plan F : Cut above 19913


FKLI

Buying support was seen in FKLI yesterday despite weak RM. Sellers were left frustrated as market refused to fall eventhough regional markets were down. FKLI could potentially trading in consolidation mode for the time being with market stuck in between 1615-1636 level. Investors are advised to wait patiently for the right levels before initiating a trade.

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Plan A : Attempt buying if market holds firm above 1625
Plan B : Cut below 1620
Plan C : Consider selling if market surges but fails to breach above 1636
Plan D : Cut above 1640


FCPO

FCPO retreated further yesterday during the opening hour of the second session, resuming the journey to the South. However, the sell-off was unsustainable and the market turned around with an upside. Dalian and soybean oil are slightly mixed while Ringgit stays at RM4.11 against the greenback. 

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Plan A : Sell if market rebounded and resisted around 2522. Targets are 2506 and 2498.
Plan B : Buy if market supported above 2496. Targets are 2517 and 2522.
Plan C : Above 2522, no fresh position.
Plan D : Below 2496, 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.