U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings.
Hong Kong stocks extended gains on Wednesday, taking cues from bullish China markets and on hopes that fresh money will continue to flow into the city from mainland investors. HSBC preliminary reading of China's factory activity for April is expected at 9.45 am this morning.
Plan A : Above 28125, do nothing
Plan B : Below 27645, do nothing
Plan C : Attempt selling if market constantly stays below 27790
Plan D : Cut above 27961
Plan E : Consider buying if market holds stubbornly above 27645 and triggers a buy
Plan F : Cut below 27645
FKLI
Market went through some last minute profit taking selling and closed at day's low level. Market must at least hold firm above 1840 in order to avoid any further selling.
Plan A : Consider selling if market rebounds but fails to break above 1855
Plan B : Cut above 1863.5
Plan C : Attempt buying if market stays firm above 1845
Plan D : Cut below 1840
FCPO
FCPO gap-down in the morning and it gradually climbed back up to 2160 level during the eleventh hour yesterday. It has tendency to move on consolidation if it could rebound above 2180 level and resisted at 2204. Therefore, investor need to have two sets of planning to adapt to changes. Dalian and soybean oil are slightly up while Ringgit remains at RM 3.62 against the greenback.
Stay Tune at http://klse.i3investor.com/servlets/forum/901704783.jsp for the changes update.
Plan A : There are two important resistances. Fresh seller and intraday investor may sell only if market could not break 2177 or 2204. Place stop. Target is 2128 and 2039. Hold overnight if market close below 2128.
Plan B : Overnight buyer exited yesterday. If you have not, support is 2148. Target is 2177 and 2204. Place a stop.
Plan C : Above 2210, 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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