U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
Hong Kong stocks surrendered early gains and closed lower on Tuesday, with some investors taking advantage of the brief rebound to reduce holdings as uncertainty over U.S. monetary policy lingered. South Korea markets will be shut today for full moon festival today.
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Plan B : Below 23066, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 23417
Plan D : Cut above 23458
Plan E : Consider buying if market holds stubbornly above 23066 and rebound
Plan F : Cut below 23036
FKLI
FKLI broke several support levels yesterday before rebounding slightly and closed at 1670. Market look likely to continue face selling pressure today after overnight Dow lost 258-points. Support at 1661 and 1664 however, need to be broken down if market were to go into bearish mode.
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Plan B : Cut above 1676
Plan C : Consider intraday buying if market test 1661 once again and rebound
Plan D : Cut below 1658
FCPO
FCPO failed to retrieve at buy signal and it eventually tumbled down progressively after the gap-up reacting to the recovery of regional commodity markets. Dalian and overnight soybean oil drop heavily while Ringgit stays weak at RM4.13 against the greenback.
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Plan B : Sell if market rebounded and resisted around 2574/2592. Targets are 2566, 2545 and 2516.
Plan C : Above 2592, no fresh position.
Plan D : Below 2545, no fresh position.
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