Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. As the euro slid more than 1 percent against the dollar and European stock and bond markets were poised to take a sharp hit with the resumption of trade on Monday, stunned European leaders called a summit for Tuesday to discuss their next move.
Hong Kong stocks fell on Friday, with sentiment soured by slumping shares in China and the Greek debt crisis. Chinese stocks plunged again on Friday, taking a three-week tumble to nearly 30 percent and wiping out most of this year's gains.
Plan A : Above 26227, do nothing
Plan B : Below 25853, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 26200
Plan D : Cut above 26287
Plan E : Consider buying if market holds above 25853 and rebounds strongly
Plan F : Cut below 25853
FKLI
Market look set to tumble today amid Ringgit trading at 3.80 against US Dollar. Greek news would likely pressure global markets today with no exception to KLCI. Selling could be intensified today if market breaks and stays below 1718. Failure to hold above 1718 might see market heads towards 1694 next.
Plan A : Attempt selling if market trades below 1718
Plan B : Cut above 1728
Plan C : No buying to be attempted for the time being
FCPO
FCPO lost its initial gain towards the second session. Dalian and soybean oil are down this morning whilst Ringgit further weakened to RM 3.80 recording new low for the recent drop of the currency against the US Dollar. Market is going through consolidation right now within the range of 2218 to 2285. So far, there is no trend in sight yet.
Plan A : Overnight buyer may exit if market breached support at 2253.
Plan B : Intraday investor or seller may sell if market could rebound and resist at 2263. Target is 2218 and 2200. Stay tune at http://klse.i3investor.com/servlets/forum/901704783.jsp for changes later.
Plan C : Fresh buyer may stay out.
Plan D : Above 2260, do nothing.
Plan E : Below 2240, 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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