31 December 2015

HSI Futures

Dow accelerated the selling pressure towards the closing bell and it ended down 117 points as the slammed of oil prices weighed. S&P 500 and NASDAQ are down 15 points and 42 points respectively.

Asian markets may open lower due to the poor performance from crude oil. Hang Seng continue to move with minimal volatility on Wednesday, it is likely for market to end flat for the year.

Plan A : Buy if market supported above 21795. Targets are 21987, 22060 and 22156.
Plan B : Sell if market rebounded and resisted around 21987 or 22060. Targets are 21704 and 21641.
Plan C : Above 22100, no fresh position.
Plan D : Below 21700, no fresh position.



FKLI

Market continue to rally on Wednesday, tipped at 1712.5 then it slowly retraced towards the second session. FKLI retreats further today due to the weak crude oil prices.

Plan A : Sell if market resisted at 1696 or 1700. Targets are 1682 and 1678.
Plan B : Buy intraday if market support above 1682. Targets are 1691 and 1696. Do not execute this plan if market does not seem consolidating.
Plan C : Above 1700, no fresh position.
Plan D : Below 1682, no fresh position.



FCPO

FCPO reached the top at 2504 but unsustainable and it dropped back to low of 2474. Dalian and overnight soybean oil stay at positive territories while Ringgit remains at RM4.29 against the US Dollar.

Plan A : Overnight buyer may exit if target is achieved. Support is 2479. Targets are 2537 and 2551.
Plan B : Sell if market opened high but resisted around 2504. Targets are 2479 and 2459.
Plan C : Wait for consolidation and buy only if market could support above 2479. Targets are 2504 and 2537.
Plan D : Above 2504, no fresh position.
Plan E : Below 2479, 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.