6 January 2016

HSI Futures


U.S. stocks ended with narrow upside after a lower start on Monday. Asian markets started to regain their losing ground on Tuesday as deterioration from China improved.

Hang Seng was running on tight range yesterday which kept the market at sell signal. At this stage, there might not be too much trade that can be done as it could be too low to sell. Investor might want to wait for opportunity to come.


Plan A : Buy if market consolidated and started to stabilize. Support is looking at 20985. Targets are 21310 and 21410.
Plan B : Sell if market rebounded but resisted around 21310. Target is 20985.
Plan C : Above 21400, no fresh position.
Plan D : Below 21000, no fresh position.



FKLI

Market had strong rebound on Tuesday since opening hour. FKLI might need some time to digest the volatility lately, therefore, it is likely that the market might consolidation within 1650's to 1670's for the time being.


Plan A : Sell if market resisted at 1675 or 1678. Targets are 1666, 1660 and 1657.
Plan B : Buy if market could support above 1660. Targets are 1675 and 1678.
Plan C : Above 1680, no fresh position.
Plan D : Below 1660, no fresh position.


FCPO

FCPO rebounded after visiting the low at 2421. Dalian and soybean oil are rather weak this morning while Ringgit recorded at RM4.36 against the greenback. Market is likely to gap-down in the morning as the regional markets dipped.

Plan A : Overnight seller may hold on to position. Resistance is looking at 2464. Target is 2416, 2394 and 2375.
Plan B : Sell if market could rebound and resist at 2450. Target is 2434 and 2416.  
Plan C : Buy if market could support above 2434. Targets are 2450 and 2464.
Plan D : Above 2470, no fresh position.
Plan E : Below 2430, 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.