U.S. stocks closed lower on Wednesday, dropping in a broad decline as the outcome of negotiations between Greece and its international creditors remained up in the air, prompting investors to drop riskier assets like equities.
Hong Kong stocks rose for a fourth straight day, drawing support from stabilizing mainland shares, as well as buoyant global markets on hopes that Greece will soon reach a deal with its creditors to avoid defaulting on its debts.
Plan A : Above 27402, do nothing
Plan B : Below 27045, do nothing
Plan C : Attempt selling if market trades below 27167
Plan D : Cut above 27330
Plan E : Consider buying if market rebounds from 27080 and triggers a buy
Plan F : Cut below 27080
FKLI
Market rebounded fiercely after supported at an intraday low level of 1720. Weak regional markets could prompt FKLI to open lower today but sellers must not get over bearish especially if market were to hold firm above 1720.
Plan A : Attempt buying if market once again retrace but holds firmly above 1720
Plan B : Cut below 1715
Plan C : Intraday selling to be considered if market surges but fails to break above 1740
Plan D : Cut above 1748
FCPO
FCPO rebounded fiercely yesterday after holding firm above support. Dalian and overnight soybean oil stay positively strong while RM further weakened to RM 3.76 against the greenback. Market trended upwards yesterday, however, the up-channel is yet to be confirmed.
Plan A : Overnight buyer hold on to position. Support is looking at 2246. Target is 2290 and 2314.
Plan B : Intraday investor or fresh buyer may buy if market could support above 2255. Target is 2290.
Plan C : Intraday investor may sell if market opened high above 2280. Target is 2258. Resistance is 2290. Place a stop. This plan only apply to high opening price during opening hour.
Plan D : Above 2290, do nothing.
Plan E : Below 2250, 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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