Dow closed strong with net change of 192 points but with low volume. While S&P 500 and Nasdaq are up 21 points and 66 points respectively.
Asian markets are set to open higher due to the high finishing from U.S. stocks. Hang Seng flattened on Tuesday with minimal fluctuation. Today it might gap-up in the morning as U.S. ended high.
Plan A : Sell if market gap-up and resisted at 22297. Targets are 21987 and 21795.
Plan B : Buy if market retraced and supported above 21987. Targets are 22186 and 22425.
Plan C : Above 22300, no fresh position.
Plan D : Below 22000, no fresh position.
FKLI
FKLI rallied after turning to a buy signal at 1640's level. Market competes for an upside for four consecutive days, therefore, it is quite risky for buyer to jump into the market at this stage.
Plan A : Sell if market resisted around 1706. Targets are 1688, 1684 and 1675.
Plan B : Buy intraday if market retraced and supported above 1684. Targets are 1699 and 1706.
Plan C : Above 1706, no fresh position.
Plan D : Below 1684, no fresh position.
FCPO
FCPO had good upside on Tuesday with strong turnaround from Dalian. Today Dalian and soybean oil continue to bull its way while Ringgit remains at RM4.29 against the U.S. Dollar.
Plan A : Overnight buyer hold on to position. Support is looking at 2474. Targets are 2537 and 2551.
Plan B : Sell if market gap-up and resisted at 2537. Targets are 2506 and 2490.
Plan C : Buy if market retraced and supported above 2484. Targets are 2537 and 2551.
Plan D : Above 2540, no fresh position.
Plan E : Below 2480, 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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