Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve's new chief held off from making any changes to its schedule for trimming stimulus.
Hong Kong shares posted their best daily gain in nearly three months on Tuesday, as investors covered short positions in Chinese insurers and energy plays on optimism that Beijing will unveil more plans that could spur earnings growth in some sectors.
Holding a long
Plan A : 21729-22241, do nothing
Plan B : Above 22241, consider taking profits first
Plan C : Reinstate when it gets closer to the support line
Plan D : Below 21729, liquidate position
Plan E : Consider selling only if market attempt to break above 21986 but fails
Plan F : Cut above 22106
FKLI
FKLI hold steadily yesterday despite failing to break above 1823. Market however, could potentially breaching above 1823 and stays firmly above it.
Plan A : Buy around 1815-1820
Plan B : Consider taking profit around 1835
Plan C : Cut below 1811
Plan D : Consider selling only if market surge up too furious but fails to break above 1835
Plan E : Cut above 1835
FCPO
Crude palm oil breached the resistance and touched the ceiling at 2622 yesterday. Market is on its gradual uptrend channel and it only move minimal range of 20 to 30 points a day.
Plan A : Overnight buyer hold on to position unless market went below 2585. Target profit looking at 2637 and 2669.
Plan B : Intraday investor might want to try selling in the morning session if 2622 does not break. Target profit 2592. Place stop around 2630.
Plan C : Buy at 2590's as long as 2592 and 2585 is holding well. Target profit 2637.
Plan D : Above 2640, do nothing.
Plan E : Below 2570, do nothing.
*Disclaimer: This information is intended to assist professional investors. 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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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