Wednesday, November 21, 2018

22 November 2018

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Gold


Gold prices rose on Wednesday in subdued trade ahead of a U.S. holiday amid weakness in the dollar.

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Plan A : Attempt selling if gold price fails to stay firm above 1222.1
Plan B : Cut above 1228.7
Plan C : Consider buying only if gold price trades resiliently above 1222.1
Plan D : Cut below 1214.1


HSI/HSI Warrant

The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered toward the session’s end as Apple shares surrendered gains ahead of the Thanksgiving holiday.

Hong Kong stocks ended higher on Wednesday, aided by a sharp rebound in technology shares, despite a sell-off on Wall Street.


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Plan A : Attempt selling if market fails to break above 25878
Plan B : Cut above 25999
Plan C : Consider buying if market supported firm above 25878
Plan D : Cut below 25762


FKLI


FKLI opened below 1700's due to the losses in Dow Jones and Nasdaq then it slides to 1686 before it gradually recovered to the peak at 1698.5 and stayed flatten for almost the whole session. The market is now showing some selling signal, but it is still not stable yet as the sellers are still cautious of the buying pressure appears in the market whenever the market is holding firm above 1670's. Hence, the forces are struggling to push the market to their favors, and thus resulting the market becoming a little unclear of the direction yet.

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Plan A : Continue to sell if the market stays below 1702
Plan B : Cut above 1706
Plan C : Consider buying if market declines but supported and rebounds from 1683
Plan D : Cut below 1678




FCPO

FCPO had strong rebound on Wednesday after footing at 1949. The surge continue today and tipped at 2020 by far. Dalian is insignificant today while Ringgit stays at RM4.19 against the greenback.

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Plan A : Buy if market retraced and later supported firm above 1996. Targets are 2017 and 2027.
Plan B : Sell if market failed to support above 2017. Targets are 1996 and 1984. 
Plan C : Above 2017, no fresh position.
Plan D : Below 1996, 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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