11 December 2015

HSI Futures 

U.S. stock closed off high when the oil prices further decline. Dow ended up 82 points while S&P and NASDAQ were up 4 points and 22 points respectively.

Hang Seng struggled to move after showing some selling signal. Intraday trading could be pretty frustrated for investor as the range narrowed. 

Plan A : Sell if market rebounded and resisted at 21879. Targets are 21630, 21377 and 21207. 
Plan B : Buy if market stabilized and supported above 21660. Targets are 21879, 21976 and 22118.
Plan C : Above 21900, no fresh position.
Plan D : Below 21600, no fresh position.


FKLI

Market retreated on Thursday with selling pressure coming in throughout the day. Oil prices continue to slump and this may bring some negative impact to the market. 

Plan A : Sell if market rebounded and failed to stay above 1649. Targets are 1632 and 1627.
Plan B : Buyer may stay out unless market started to flat out and stabilized above 1641. Targets are 1654 and 1658.
Plan C : Above 1650, no fresh position.
Plan D : Below 1640, no fresh position. 


FCPO   

FCPO opened lower on Thursday and dived down to low of 2350. Market then flattened supporting the prices to high of 2379 towards the closing bell. Overnight soybean oil was up US$0.65 while Dalian and soybean oil are slightly mixed. Ringgit stays at RM4.26 against the greenback.

Plan A : Sell if market gap up above 2400. Targets are 2386, 2379 and 2369. Only apply to morning opening.
Plan B : Buy after market settled and support above 2369. Targets are 2394 and 2408.
Plan C : Below 2370, 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.