Wall Street stocks slid on Tuesday, hurt by pressure from a renewed drop in oil prices, undercutting momentum that had helped the market rebound from a sluggish start to the year.
Hong Kong stocks tracked mainland China shares lower on Tuesday, with falls in property and utility sectors offsetting gains in energy and resources plays.
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Plan A : Above 19504, do nothing
Plan B : Below 19222, do nothing
Plan C : Attempt selling if market trades below 19386
Plan D : Cut above 19445
Plan E : Consider buying only if market gap down but holds firm above 19222
Plan F : Cut below 19198
FKLI
Market tumbled in the late hours yesterday after holding above 1680 level for most of the day. Weakness in regional markets could trigger another fresh round of selling for FKLI today with support seen at 1658 next. Failure to hold firm above this level would see more panic selling coming along the way.
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Plan A : Attempt selling if market trades below 1672
Plan B : Cut above 1678
Plan C : Consider buying if market corrects but holds firm and rebound from 1658
Plan D : Cut below 1658
FCPO
FCPO began weak but it regained the losses with attempted rebound to 2570 on Tuesday. Market later exerted with sell pressure towards the final hour and it ended weak. Dalian and overnight soybean oil tumbled badly while Ringgit weaken against U.S. Dollar at RM4.22.
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Plan A : Overnight seller may consider to profit take if target is reached. Targets are 2515, 2504 and 2461. Resistance is looking at 2540.
Plan B : If market opened gap down, wait for market to stabilize and buy for the correction. Support is 2515. Targets are 2540 and 2551.
Plan C : Sell if market rebounded and resisted around 2540. Targets are 2515, 2504 and 2461.
Plan D : Above 2551, no fresh position.
Plan E : Below 2515, 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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