U.S. stocks rose on Tuesday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt.
Hong Kong stocks fell to their lowest in 10 weeks on Tuesday, with investor risk appetite curbed by political uncertainty ahead of this week's vote on electoral reform, Greek debt default worries and slumping mainland shares.
Plan A : Above 26495, do nothing
Plan B : Below 26207, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 26466
Plan D : Cut above 26538
Plan E : Intraday long to be considered only if market stays resilient above 26207
Plan F : Cut below 26160
FKLI
Market survived an early scare before eventually closed at day's high level of 1714 yesterday. Sellers were seen taking profits after market supported well above 1700 level. Market could potentially recover further today but rebound could be short-lived if it fails to break and stay firm above 1719.5 today
Plan A : Attempt selling if market fails to break above 1719.5
Plan B : Cut above 1723.5
Plan C : Intraday long to be considered if market stays firm above 1707
Plan D : Cut below 1700
FCPO
FCPO rebounded yesterday to high of 2297 after forming a layer of support at 2260 level. Dalian and soybean oil are slightly up while Ringgit strengthen slightly to RM 3.73 against the greenback.
Plan A : Overnight seller exited position yesterday as resistance is breached. If you have not, resistance is 2308. Target is 2272 and 2245. Exit if breach resistance.
Plan B : Intraday investor or short term seller may sell if market could not break 2297 or 2308. Target is 2272 and 2261.
Plan C : Buyer may stay out unless market could support above 2272. Target is 2325.
Plan D : Above 2310, 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.
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