21 April 2015

HSI Futures

Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while investors bought up technology stocks on cautious optimism on upcoming earnings reports.

Hong Kong shares posted their biggest loss in four months on Monday, weighed down by an afternoon plunge in Shanghai stocks, even as China's central bank took its boldest policy move yet to bolster the slowing economy.

Plan A : Above 27583, do nothing
Plan B : Below 27042, do nothing
Plan C : Attempt selling if market gaps up but fails to break above 27416
Plan D : Cut above 27583
Plan E : Consider long only if market holds firm above 27042 and rebounds
Plan F : Cut below 26939


FKLI

Market rebounded strongly towards yesterday's closing, moving in tandem with fierce European markets. A rally look to be on board after consolidating and corrected well. 

Plan A : Attempt buying if market stays firm above 1845
Plan B : Cut below 1840
Plan C : Consider intraday selling only if market surges but fails to break above 1855
Plan D : Cut above 1864


FCPO

FCPO opened gap-up yesterday and it eventually closed the gap in the second session. Market so far has not shown any trend yet, therefore, investor may still be alert of the resistances and supports. Dalian and soybean oil are trading positively while Ringgit is slightly weaken at RM 3.64 against the greenback.

Plan A : Overnight buyer hold on to position. Support is looking at 2147. Target is 2196, 2204 and 2234.
Plan B : Seller may sell if market could not break 2179. Target is 2136, 2128 and 2082.
Plan C : Above 2180, do nothing. 
Plan D : Below 2150, do nothing. 

*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.