15 April 2015

HSI

Dow and S&P 500 ended higher yesterday with better quarter earnings reports and good performance from the energy stocks as crude oil rebounded after a forecast that US Shale oil output in May would record its first month decline in more than four years.

Hang Seng closed lower yesterday after a rebound to 27918 during the first session. Market has good trading range recently after the surge since early of the month.

Asian stocks are quite mixed today as China is about to release its first quarter GDP. Alongside the GDP data are figures for factory output, fixed asset investment and retail sales for March.

Plan A : Intraday investor may sell if market could rebound and resist near 27788. Target is 27205 and 26872. Place a stop.

Plan B : Buyer may stay out today.

Plan C : Above 27800, do nothing.

Plan D : Below 27500, do nothing.




FKLI

Market flattened lately as it is moving up and down within the same range since last week. FKLI is taking a breather after a long stretch of upside. The correction so far is quite minimal where investor may counter for another surge unless support at 1827 is breached. However, it has not shown any sign of trend for the time being.

Plan A : Intraday investor may continue to trade within the consolidation range of 1848 to 1836. Place a stop.

Plan B : Short term seller may sell if market could not break 1848. Target is 1827.

Plan C : Short term buyer may stay out unless market could support above 1841 today.

Plan D : Above 1850, do nothing.

Plan E : Below 1830, do nothing.



FCPO

FCPO rebounded sharply yesterday after the dip to 2098. Market is forming a initial W-formation and it is yet to be confirmed 'till the resistances are breached. Dalian and soybean oil are up while Ringgit remains weak at RM 3.70 against the greenback.

Plan A : Intraday investor may sell if market opened gap up to 2170 and above. Target is 2136 and 2126.

Plan B : Buyer may wait for correction and buy only if market could support above 2126. Target is 2171 and 2191.

Plan C : Above 2170, do nothing except during opening minute.

Plan D : Below 2130, 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.