Wall Street rebounded over 1 percent on Tuesday, driven by a surge in oil prices and strong quarterly results from 3M, Johnson & Johnson and Procter & Gamble.
Hong Kong shares tumbled more than 2 percent on Tuesday, dragged lower by resumed slides in global equity markets and oil prices.
Plan A : Above 19095, do nothing
Plan B : Below 18799, do nothing
Plan C : Attempt selling if market stays below 18902
Plan D : Cut above 19017
Plan E : Consider intraday buying only if market holds firm above 18799 and triggers a buy
Plan F : Cut below 18799
FKLI
Market bucked the trend yesterday and closed positive instead. News of Malaysia PM being cleared of fraud in RM 2.6 billion donation helped stabilized the market and stayed resilient throughout the afternoon session despite Asian markets sell-off. Market is expected to open higher today after overnight Dow gained more than 1 percent while RM too, strengthened to 4.263 against the green back.
Plan A : Attempt buying around 1628 if market opens little changed
Plan B : Cut below 1623
Plan C : Selling to be considered only if market surges but fails to break above 1648
Plan D : Cut above 1652
FCPO
FCPO formed an upwards channel on Tuesday, pushing the market to the tip at 2479. Dalian and overnight soybean oil are rather strong while Ringgit strengthen to RM4.26 vs U.S. Dollar.
Plan A : Sell if market gap-up at opening or resisted around 2495. Targets are 2475, 2466 and 2455.
Plan B : Buy if market could support above 2466 or 2455. Targets are 2495, 2508 and 2535.
Plan C : Above 2495, no fresh position.
Plan D : Below 2455, 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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