U.S. stocks ended slightly lower on Tuesday, reversing course late in the session as strength in the dollar offset optimism about deal news.
China stocks jumped more than 2 percent to fresh seven-year highs on Tuesday ahead of the quarterly earnings season, as investors brushed aside liquidity concerns after the official Xinhua news agency said an acceleration in initial public offerings would not stop the market's bull run. Hong Kong market will resume trading today after the long Easter and Ching Ming Festival.
Plan A : Above 25457, do nothing
Plan B : Below 25107, do nothing
Plan C : Attempt selling if market surge and once again fails to break above 25340
Plan D : Cut above 25457
Plan E : Buying can only be considered if market corrects and hold firm above 25260
Plan F : Cut below 25107
FKLI
Another day of rally for market yesterday as market hold firm above 1850 level. Pending any negative surprises, market look likely to test 1864 or even 1878 anytime soon.
Holding long
Plan A : 1848-1878, do nothing
Plan B : Below 1848, liquidate
Plan C : Intraday selling to be considered only if market make a sudden surge but fails to break above 1878
Plan D : Cut above 1882
FCPO
FCPO recorded some losses yesterday with possibility of correction after the rally a day before. Dalian and soybean oil are down slightly while Ringgit still hovers around RM 3.64 against the US Dollar.
Plan A : Overnight buyer exited yesterday as support is breached. If you have not, please exit if market fails to support above 2196.
Plan B : Buyer may buy if market could support above 2196. If not, stay out. Target is 2264 and 2309. Hold overnight if market close above 2230.
Plan C : Fresh seller may sell if market rebound and resist at 2216. Hold overnight only if market close below 2196. Target is 2178 and 2143.
Plan D : Above 2230, do nothing.
Plan E : Below 2190, 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.
0 comments:
Post a Comment