6 May 2016

HSI Futures

U.S. stocks closed narrowly mixed Thursday as oil failed to hold much of its intraday gains and investors awaited the key employment report due Friday.

Hong Kong shares tracked U.S. markets lower on Thursday, with the benchmark index falling for the fourth day in a row as worries about global economic growth resurfaced.

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Plan A : Above 20416, do nothing
Plan B : Below 20214, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 20324
Plan D : Cut above 20416
Plan E : Consider buying if market stays firm above 20214 and triggers a buy
Plan F : Cut below 20214


FKLI

FKLI attempted a surge late afternoon but ended up failing to stay above 1644. Selling pressure look likely to stay for the time being. Investors might want to be more patient before initiating a new trade from now on.

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Plan A : Attempt selling if market fails to breach above 1644
Plan B : Cut above 1649
Plan C : Consider buying if market stays resiliently above 1630
Plan D : Cut below 1626


FCPO

FCPO went further up yesterday to highest of 2643 then it tumbled towards the final hour with seller pressuring the market. Dalian and soybean oil traded weak this morning while Ringgit stays at RM4.00 against the greenback. 

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Plan A : Sell if market rebounded and resisted around 2607. Targets are 2589 and 2571.
Plan B : If market opened gap down, wait for market to stabilize. Buy if market supported above 2589 and 2571. Targets are 2607 and 2616.
Plan C : Above 2607, no fresh position.
Plan D : Below 2571, no fresh position.   



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