25 November 2015

HSI Futures

U.S. shares closed higher on Tuesday as energy stocks rose along with oil prices after Turkey shot down a Russian warplane near the Syrian border.

Hong Kong stocks fell on Tuesday, led by resources shares after metal prices touched multi-year lows.

Plan A : Above 22723, do nothing
Plan B : Below 22375, do nothing
Plan C : Attempt selling if it stays trading below 22546
Plan D : Cut above 22613
Plan E : Consider buying only if market stays firm above 22503 and triggers a buy
Plan F : Cut below 22503


FKLI

Market surged up to an intraday high of 1686.5 before slowly retracing for the rest of the day yesterday. Despite tensions in the middle east, there is a possibility that FKLI could hold firm today with Ringgit strengthened to 4.196 against USD. Some buying interest were seen yesterday but persistent and continuously buying will be important to uphold the market and avoid itself from being sell down once again. 

Plan A : Attempt buying if market holds firm above 1670
Plan B : Cut below 1665
Plan C : Consider intraday sell if market test 1686.5 once again and retrace
Plan D : Cut above 1692


FCPO

FCPO showed some sign of a down channel movement on Tuesday. Dalian and overnight soybean oil are on upside while Ringgit turned the table by strengthening to RM4.20 against the greenback. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2310. Targets are 2260, 2216 and 2156.
Plan B : Sell if market rebound and resist at 2293. Targets are 2260, 2250 and 2216.
Plan C : Buy if market could not breach 2270 and stay above 2280. Targets are 2293, 2308 and 2327.
Plan D : Above 2300, do nothing.
Plan E : Below 2280, 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.