Wall Street fell on Monday as auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus. China and Hong Kong markets are close today for Ching Ming Festival.
FKLI recovered well from its intraday low level of 1741.5 before settling at 1751.5 yesterday. Despite the surge, market could still be dicey today with regional markets showing in red. Failure to trade firmly above 1752.5 will further pressure the price of FKLI for now.
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Plan A : Attempt selling if market stays trading below 1752.5
Plan B : Cut above 1756
Plan C : Consider buying only if market holds resiliently above 1746
Plan D : Cut below 1740
FCPO
FCPO flattened on Monday with not much allowance for intraday trading. Dalian is closed today and soybean oil were down overnight. Ringgit stays at RM4.42 against the greenback. Market remain its bearish mode but attempting to stay above support 2640's.
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Plan B : Buy only if market supported firm above 2658. Targets are 2673, 2689 and 2704.
Plan C : Above 2673, no fresh position.
Plan D : Below 2636, 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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