U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger.
Hong Kong stocks posted their biggest daily gain in two weeks on Tuesday on signs that investors in mainland China are keen to plow more money into the city's markets, hunting for bargains.
Plan A : Above 28125, do nothing
Plan B : Below 27645, do nothing
Plan C : Consider intraday sell if market gaps up but fails to break above 28030
Plan D : Cut above 28125
Plan E : Attempt long if market corrects but holds firmly above 27645
Plan F : Cut below 27515
FKLI
Market gained for 7th consecutive days yesterday. Market is deemed to be bullish for now after consolidating earlier and break up for a rally. Buyers should continue hold on to their position as long as market hold firmly above 1855
Holding long
Plan A : 1848-1878, do nothing
Plan B : Below 1848, liquidate
Plan C : Above 1878, consider taking profits first if it couldn't sustain
Plan D : Consider intraday sell only if market touch 1878 and retrace
Plan E : Cut above 1883
FCPO
FCPO touched high at 2197 yesterday but unsustainable and it settled at 2173. Today it opened lower breaking the support at 70's level and headed down South. Dalian and soybean oil turns down while Ringgit strengthen slightly at RM 3.62 against the US Dollar.
Plan A : Overnight buyer exit market if market could not support above 2144. Market failed to rebound above 2164 and 2172 may head down.
Plan B : Fresh seller may sell if market could rebound and resist at 2164 and 2172. Target is 2127, 2082 and 2039.
Plan C : Above 2170, 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.
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