U.S. stocks edged lower on Thursday as investors digested mixed tech and healthcare earnings a day ahead of Friday's U.S. jobs report.
Mainland Chinese stock markets extended their gains on Thursday as investors jumped into blue-chip shares, driving transaction volumes to their highest levels in more than three months.
Plan A : Above 23200, do nothing
Plan B : Below 22827, do nothing
Plan C : Attempt selling if market stays below 23000
Plan D : Cut above 23074
Plan E : Consider buying if market supports above 22827 and triggers a buy
Plan F : Cut below 22827
FKLI
It will be a tricky market today as it could move either way. Both buyers and sellers were seen battling out to be the winner and there's still no indicator yet as who will be the final winner. Market could continue consolidation until there's any clear break out from the range of 1670 and 1696.
Plan A : Attempt selling if market stays below 1685
Plan B : Cut above 1691
Plan C : Consider buying if market retrace to 1673 and rebound
Plan D : Cut below 1670
FCPO
FCPO re-visited the high at 2386 on Thursday but unsustainable, followed by a tumble from the tip towards the closing bell. Dalian and overnight soybean oil are showing weakness which may cause a gap down in the morning market. Ringgit remains weak at RM 4.31 against the greenback.
Plan A : Overnight seller hold on to position. Resistance is looking at 2350. Targets are 2314, 2261 and 2158.
Plan B : Sell if market could rebound and resist at 2350 or 2332. Targets are 2314 and 2261.
Plan C : Buyer may stay out unless market run flat and supported above 2314. Targets are 2332, 2350 and 2378.
Plan D : Above 2350, do nothing.
Plan E : Below 2260, 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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