27 November 2015

HSI Futures

U.S. market closed for Thanksgiving Day. Asian markets set to open positively following the good performing European markets on Thursday with the anticipation of further stimulus by the ECB.

Hang Seng had great start on Thursday morning, however, unsustainable. Market lost its ground towards the second session which brought the market back to square one.

Plan A : Buy if market stayed flat and support above 22425. Target is 22738. Place a stop.
Plan B : Sell if market rebound and resisted at 22563. Target is 22278.
Plan C : Above 22700, no fresh position.
Plan D : Below 22200, no fresh position.


FKLI

It was a rocky road for FKLI on Thursday with the range within 1670's to 1680's. Though there is buy signal for daily chart, 1690's is the nearest resistance where any breakthrough may lead the market back North.

Plan A : Sell if market could rebound and resist at 1694.5. Targets are 1676, 1673 and 1665.
Plan B : Buy if market support above 1676. Targets are 1689 and 1692.
Plan C : Above 1695, no fresh position.
Plan D : Below 1676, no fresh position.    


FCPO

FCPO breakaway from the recent consolidation madness and triggered the first buy signal after a long directionless period. Dalian continue with its upside while Ringgit stays at RM4.22 against the greenback.

Plan A : Buy if market could retrace and support above 2315 or 2301. Targets are 2355 and 2368.
Plan B : Sell if market could not breach 2343 or 2355. Targets are 2315, 2301 and 2287.
Plan C : Above 2355, no fresh position.
Plan D : Below 2310, no fresh position.



*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.