U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.
Hong Kong shares closed mixed on Tuesday, with the main index down slightly but the Chinese Enterprise index lifted by gains in energy stocks, such as PetroChina.
Plan A : Above 21882, do nothing
Plan B : Below 21530, do nothing
Plan C : Attempt selling if market stays below 21750
Plan D : Cut above 21882
Plan E : Consider intraday buy if market supports above 21680 and rebounds
Plan F : Cut below 21660
FKLI
Market resumed its strong recovery yesterday despite some intraday correction. With RM recovering against USD, there is a good chance for market to continue its up surge today.
Plan A : Attempt buying as long as market stays firm above 1643
Plan B : Cut below 1636
Plan C : Consider intraday selling only if market test 1672 and retrace
Plan D : Cut above 1680
FCPO
FCPO opened higher on Tuesday but unsustainable and started to flush down towards the end of first session 'till the closing. Soybean oil is slightly up while Ringgit strengthening to RM4.33 against the greenback.
Plan A : Overnight seller may hold on to position. Resistance is looking at 2413. Targets are 2336, 2317 and 2274.
Plan B : Intraday investor may sell if market could rebound and resist at 2398 or 2413. Targets are 2350, 2336 and 2317.
Plan C : Buyer may buy only if market could support above 2383. Targets are 2398, 2413 and 2432.
Plan D : Above 2420, do nothing.
Plan E : Below 2350, do nothing.
*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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