23 June 2015

HSI Futures

U.S. stocks ended higher on Monday, with the Nasdaq closing at a record as hopes grew that a deal would be reached to prevent Greece from defaulting on loans.

Hong Kong's benchmark Hang Seng Index rose on Monday thanks to a firmer tone in overseas markets on hopes Greece would be able to avoid defaulting on its debt, with insurers and resources stocks leading the surge. China is due to put up PMI for June at around 9.45 am local time today. Forecasted to be at 49.4 vs previous month of 49.2

Plan A : Above 27045, do nothing
Plan B : Below 26687, do nothing
Plan C : Consider intraday sell if market fails to break above 27045 and retrace
Plan D : Cut above 27103
Plan E : Attempt buying if market holds firm above 26858
Plan F : Cut below 26711


FKLI

Market surged and hold firmly yesterday, squeezing sellers to cover their position. Market is expected to remain firm with support seen at 1726 while resistance stood at 1740.

Plan A : Wait for retracement to buy, possibly near 1726 level
Plan B : Cut below 1719.5
Plan C : Eager sellers can consider selling if market fails to break above 1740
Plan D : Cut above 1742


FCPO

FCPO closed the gap from the previous surge-up and today it opened slightly higher as soybean oil and Dalian markets are doing quite well. Ringgit weakened to RM 3.74 against the greenback which may limit the downside of the market.

Plan A : Overnight seller may exit if resistance at 2246 is breached. If not, target is 2201, 2195 and 2184.
Plan B : Fresh seller may stay out today unless 2246 remains defensive. Target is 2227 and 2201.
Plan C : Intraday investor or buyer may buy if market stabilized and it can hold firm above 2227. Target is 2260, 2266, 2274 and 2290.
Plan D : Above 2250, do nothing.
Plan E : Below 2230, 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.