Wall Street rallied across the board on Tuesday after oil prices recovered slightly and data showed that the U.S. economy grew at a fairly healthy clip in the third quarter.
Hong Kong stocks were little changed on Tuesday as trading activities started to wind down for the Christmas holiday break. Markets in Japan are shut for Emperor's Birthday celebration today.
Plan A : Above 21980, do nothing
Plan B : Below 21535, do nothing
Plan C : Attempt buying if market holds firm above 21875
Plan D : Cut below 21705
Plan E : Consider intraday selling if market stays below 21760
Plan F : Cut above 21875
FKLI
Market successfully regain some pride yesterday after surging steadily from an intraday low of 1629 before settling at almost day's high level of 1642. Market should have a firmer opening today but trading will be minimal ahead of the long holiday. Investors will likely be selective in buying and hence the quiet market.
Plan A : Attempt buying as long as market stays firm above 1637
Plan B : Cut below 1630
Plan C : Consider intraday selling only if market surges too fast and fails to breach 1663
Plan D : Cut above 1667
FCPO
FCPO recorded year high at 2473 on Tuesday, supporting the market towards the up-channel movement. Dalian and soybean oil are leaning on negative net change while Ringgit hovers around RM4.28 to RM4.32 over the past few days against the greenback. After two consecutive days of drastic upside, market might go for a healthy correction. Therefore, buyer might want to accumulate position if market trade above support.
Plan A : Overnight buyer hold on to position. Support is looking at 2421. Targets are 2490 and 2553.
Plan B : Sell if market rebounded and resisted around 2473. Targets are 2438 and 2421.
Plan C : Buy if market retraced and stabilized above 2421. Targets are 2438, 2448 and 2457.
Plan D : Below 2420, no fresh position.
Plan E : Above 2473, 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.
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