15 June 2015

HSI Futures

Dow Jones industrial average came off lows to end slightly higher while S&P 500 declined as the major indices lost more than half a percent. This is due to the continued effect from the uncertainty over Greece pressured stocks. Investors kept an eye on a calmer bond market ahead of next week's Federal Reserve meeting.

Hang Seng flattened for quite some time without any break through. Asian stocks recorded losses early Monday after deal between Greek ministers and their bailout creditors collapsed.

Plan A : Intraday investor may buy if market could support above 26883. Target is 27423 and 27802.
Plan B : Fresh seller may stay out of market unless market rebounded and fail to rebound above 27044 or 27182. Target is 26574 and 26287.
Plan C : Above 27200, do nothing.
Plan D : Below 26800, do nothing.

FKLI

Market opened lower today as Dow ended weak last week. Market was choppy over last week triggering new low and rebounded eventually. Therefore, investor should be sensitive with the U-turn sign of market if previous low remains in tact.

Plan A : Overnight seller hold on to position. Resistance is looking at 1730. Target is 1706 and 1695.5.
Plan B : Fresh seller may sell if market could rebound and resist at 1728. Target is 1712.5 and 1706.
Plan C : Buyer may stay out.
Plan D : Above 1730, do nothing.
Plan E : Below 1720, do nothing.


FCPO

FCPO visited recent low at 2254 but it caught investor by surprise with a rebound towards the closing bell. Dalian and soybean oil are trading down today while Ringgit weakened at RM 3.76 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is at 2296. Target is 2245, 2218 and 2201.
Plan B : Intraday investor may sell if market could rebound and resist at 2276. Target is 2245 and 2235.
Plan C : Buyer may stay out today.
Plan D : Above 2280, do nothing.
Plan E : Below 2260, do nothing.

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*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.