Wall Street minted its second straight session of solid gains on Tuesday, as investors snatched up beaten-down consumer discretionary, industrial and tech shares.
Hong Kong shares extended gains on Tuesday, led by energy stocks as sentiment improved on the back of higher oil prices and rebounding European and Chinese equities.
Plan A : Above 19231, do nothing
Plan B : Below 18893, do nothing
Plan C : Attempt selling if market fails to hold above 19052
Plan D : Cut above 19151
Plan E : Consider buying if market holds resiliently above 19052
Plan F : Cut below 18910
FKLI
Market rallied and broke a new recent high yesterday before settling at 1660. Weak Ringgit is expected to cap gains today as market is slightly overbought after recent run from a low of 1624.
Plan A : Attempt buying only if market holds firm above 1655
Plan B : Cut below 1650
Plan C : Consider intraday sell if market fails to hold above 1655
Plan D : Cut above 1660
FCPO
Ringgit weakened against USD today but bean and dalian are weak. Market might open slightly higher after yesterday's sell down but should be resisted around the 2614 level. Sellers must be patient and wait for the right level to sell in order to avoid selling at too low level.
Plan A : Sell if market fails to break above 2614
Plan B : Cut above 2622
Plan C : Consider buying only if market test 2573 level and rebound
Plan D : Cut below 2567
*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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