U.S. stocks closed slightly higher on Monday, supported by a flurry of merger news, but turmoil in Iraq drove oil prices up and kept trading choppy.
Hong Kong shares finished a tick lower on Monday, with investors remaining cautious and awaiting direction from a U.S. Federal Reserve meeting which will conclude on Wednesday.
Plan A : Above 23350, do nothing
Plan B : Below 23094, do nothing
Plan C : Consider selling if market gaps up but fails to break above 23350
Plan D : Cut above 23464
Plan E : Attempt buying if market gaps down but holds firmly above 23094 and triggers a buy again
Plan F : Cut below 23094
FKLI
Market moved within a tight 4-points range yesterday with investors shying away from market as uncertainties grows. Market look likely to consolidate further until there is a fresh catalyst coming into the market
Plan A : Attempt selling if market opens higher but fails to break above 1880
Plan B : Cut above 1886
Plan C : Consider buying if market holds firm above 1870-1872
Plan D : Cut below 1868
FCPO
Despite the tremendous upside of soybean oil yesterday, market barely follow the trend except the gap up during the opening hour. Today, it might open lower as regional prices are depressed. Market needs to penetrate 2405 for market to come back to a sell signal.
Plan A : Fresh seller might sell if resistance at 2428 is not broken. Target is looking at 2390 and 2362.
Plan B : Buyer may stay out today.
Plan C : Above 2430, do nothing.
Plan D : Below 2350, 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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