22 June 2015

HSI Futures

U.S. stocks fell on Friday ahead of a summit next week that could decide whether Greece will need to print its own currency and ditch the euro.

Hong Kong's benchmark Hang Seng Index rose on Friday, as Thursday's legislative veto of a China-backed electoral reform package removed political uncertainty, and is seen by some as positive for the market. China markets are close today for Dragon Boat Festival.

Plan A : Above 26853, do nothing
Plan B : Below 26466, do nothing
Plan C : Attempt selling if market trades below 26620
Plan D : Cut above 26790
Plan E : Consider buying if market holds firm above 26663
Plan F : Cut below 26558



FKLI

Market successfully hold above 1700-level and closed almost at day's high level last Friday. Market must at least breach and hold firm above 1719.5 if it were to convince buyers to come in. Failure to do so would distort any further upside for FKLI for the coming days.

Plan A : Attempt selling if market fails to break above 1719.5
Plan B : Cut above 1725
Plan C : Intraday buying to be considered if market holds above 1709
Plan D : Cut below 1700


FCPO

FCPO rebounded to high of 2260 last Friday and it quickly retraced during closing hour. Dalian is closed today while overnight soybean oil is slightly up. Ringgit remains at RM 3.72 against the greenback. Selling pressure still exist in the market though Ringgit is hovering at the high side. 

Plan A : Overnight seller hold on to position. Resistance is 2252. Target is 2221, 2195 and 2184.
Plan B : Fresh seller and intraday investor may sell if market could rebound and resist at 2252. Target is 2221 and 2195.
Plan C : Buyer may wait for market to stabilize before reacting. Stay tune at forum for update http://klse.i3investor.com/servlets/forum/901704783.jsp 
Plan D : Above 2260, do nothing.
Plan E : Below 2220, 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.