U.S. stocks edged up on Friday, boosted by bullish news from the tech sector, but major indexes fell for the week as unrest in Iraq kept investors on edge.
The index of Chinese companies listed in Hong Kong posted its 5th consecutive weekly gain on Friday, its longest winning streak since early 2012, lifted by bank shares.
Plan A : Above 23350, do nothing
Plan B : Below 23094, do nothing
Plan C : Attempt selling if market gaps up but fails to break above 23350
Plan D : Cut above 23464
Plan E : Consider buying if market opens low but supports well above 23094 and triggers a buy again
Plan F : Cut below 23094
FKLI
Market caught trading within a tight range as investors dare not take heavy positions with uncertainties in the market looming. Market could potentially caught trading between the range of 1868-1886 in days to come until there is a clearly picture on next market direction.
Plan A : Attempt buying between 1872-1874
Plan B : Cut below 1868
Plan C : Consider intraday sell around 1880 if market fails to breach through
Plan D : Cut above 1886
FCPO
FCPO rebounded strongly after touching an intraday low 2362 last Thursday. Market might have found their bottom and with talks of El Nino looming coupled with strong overnight bean, FCPO look to have a chance of reversing its down trend and surge from here on.
Plan A : Attempt buying if market holds firm above 2402-2407
Plan B : Cut below 2395
Plan C : Consider intraday sell only if market fails to break above 2459
Plan D : Cut above 2464
*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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