13 May 2015

HSI Futures

U.S. stocks rebounded from great losses in the earlier session after knowing there is slight recovery in bonds. Thus, Dow eventually closed down 36 points while S&P 500 and NASDAQ down 6 and 17 respectively.

Asian stock markets open slightly weak this morning ahead of the China Economic Data.

Plan A : Overnight seller hold on to position. Resistance is looking at 27485. Target is 26344.
Plan B : Fresh seller and intraday investor may sell if market could rebound and resist at 27485. Target is 27144 and 26932.
Plan C : Buyer stay out of market.
Plan D : Above 27500, do nothing.
Plan E : Below 27100, do nothing.


FKLI

Market opened higher today which caught investor in surprise. It continue to hover around 1800 to 1790 after opening. Rebound seems weak at the moment, however, investor is advised to wait before reacting.

Plan A : Overnight seller hold on to position. Resistance is  looking at 1813 and 1800. Target is 1766 and 1738.
Plan B : Fresh seller or intraday investor may try selling if market could not break 1800. Target is 1785 and 1766.
Plan C : Buyer stay out of market until market form a support ground. Stay tune to http://klse.i3investor.com/servlets/forum/901704783.jsp  for more update
Plan D : Above 1800, do nothing.
Plan E : Below 1780, do nothing.


FCPO

FCPO continue to surge yesterday with recent high of 2230 after weeks of weak market. However, it is advised to wait for market to exhaust for the killing. Dalian and soybean oil are up slightly where Ringgit strengthen to RM 3.59 against the greenback.

Plan A : Intraday investor and fresh seller might want to sell only when market start to exhaust. Entry price will be given to clients through what'sapp. Immediate resistance is looking at 2230, 2250 and 2280. Target is 2225, 2200 and 2175. Hold overnight if market could close below 2200.
Plan B : Buyer may stay out of market today.
Plan C : Sell straight away if market open beyond 2250. Target is 2225 and 2200. Only apply for high price at opening.
Plan D : Below 2220, do nothing.  


P/S : Stay tune to http://klse.i3investor.com/servlets/forum/901704783.jsp for plan update as market might change depends on the movement after market open.



*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.