U.S. stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close while investors continued to await clarity on whether Greece could reach a deal to prevent defaulting on its loans.
Hong Kong stocks tracked regional markets higher, inspired by renewed optimism over Greek debt talks, a sharp rebound in mainland shares and fresh data suggesting China's economy may be stabilizing. All attention will be on tonight's Euro group emergency meeting on Greece.
Plan A : Above 27378, do nothing
Plan B : Below 26955, do nothing
Plan C : Consider intraday sell if market fails to break above 27378 and retrace
Plan D : Cut above 27416
Plan E : Attempt buying around 27167 if market retrace and hold firm
Plan F : Cut below 26955
FKLI
Market opened high yesterday but ended up closing at near day's low level after buyers taking profits on recent gains. Sentiment overall still bearish with market trading at a discount to cash market. Trading could be dicey today with market fighting to stay above 1719 level to avoid any further sell down.
Plan A : Attempt selling if market fails to hold above 1719
Plan B : Cut above 1727
Plan C : Intraday buying to be considered only if market holds firm and rebound from 1719
Plan D : Cut below 1715
FCPO
FCPO merely rebounded yesterday and it continued to move down South. Dalian and soybean oil are quite mixed while Ringgit remains weak at RM 3.75 against the US Dollar.
Plan A : Overnight seller hold on to position. Resistance is looking at 2246. Target is 2201, 2195 and 2184.
Plan B : Intraday investor and fresh buyer may buy if market could support above 2227. Target is 2260, 2274 and 2290. However, wait for market to consolidate before entering. Stay tune at our forum http://klse.i3investor.com/servlets/forum/901704783.jsp
Plan C : Fresh seller may stay out today.
Plan D : Above 2250, 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.
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