U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since late 2012. Limiting the day's gains, however, were concerns over an escalation of tensions between Ukraine and pro-Russia separatists. FKLI finally losses its steam yesterday after failing to hold firm above 1860. Market likely to be weak from here on with next support levels seen at 1844, 1837 and 1830.
Plan A : Attempt selling if market rebounds but fails to break above 1858
Plan B : Cut above 1862
Plan C : Consider intraday buying only if market holds firm above 1844
Plan D : Cut below 1842
FCPO
FCPO failed to break the resistance at 2610 and continue to move downwards to the low of 2570. Market outlook remains negative. Market might move on tight range as regional competitive substituents markets are quite mixed.
Plan A : Overnight seller continue to hold on to position. Resistance looking at 2610. Profit target looking at 2525.
Plan B : Intraday investor may want to trade within range of 2558 and 2599. Place a stop.
Plan C : Buyer might want to stay out for long term view. Wait for market to form a support level.
Plan D : Above 2610, do nothing.
Plan E : Below 2550, 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 with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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