5 October 2015

HSI Futures

Dow and S&P ended up more than 1% on Friday, putting the market on recovery as investor digested the weaker than expected employment data.

Hang Seng has been running up and down within 22000 to 20000 levels since early September 'till now. Any breakthrough from here will see a trend to come intact.

Plan A : Sell if market resisted at 22200. Target are 21540 and 21246.
Plan B : Buy feasible only for intraday if market could retrace and support above 21540. Target is 22150.
Plan C : Above 22200, do nothing.
Plan D : Below 22000, do nothing.


FKLI

Market flattened last week but today with the US market reversal effect, FKLI gap-up and holding well above the support.

Plan A : Buy if market could retrace and support above 1622. Target is 1636.
Plan B : Sell if market could not breach 1636.5. Targets are 1617 and 1607.
Plan C : Above 1640, do nothing.
Plan D : Below 1620, do nothing.


FCPO

FCPO was trading flat in the morning until selling pressure came in later during the second session on last Friday. Soybean oil was performing well overnight, guess an inevitable gap-up is coming the way in the morning for FCPO. Ringgit hovers at RM4.40 against the greenback. It is likely for market to move side-way after a long rally.

Plan A : Consolidation play within 2450 to 2370.
Plan B : Short term investor may sell if market resist at 2450. Targets are 2395 and 2370.
Plan C : Above 2450, do nothing.
Plan D : Below 2370, 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.