U.S. stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.
Hong Kong shares tumbled more than 2 percent on Wednesday led by energy firms as oil prices declined and insurance heavyweights, after Beijing imposed limits on purchases of insurance products in the city by mainlanders using bank cards.
Plan A : Above 19134, do nothing
Plan B : Below 18815, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 19134
Plan D : Cut above 19208
Plan E : Consider intraday buying if market holds firm above 18815 and rebounds
Plan F : Cut below 18815
FKLI
Market tumbled from the opening bell yesterday, moving in tandem with regional markets but still managed to close at 1628 yesterday. It will be important for market to close firm today as failure to hold above 1628 might spell troubles to the buyers. Any breach and strong hold above 1632 should encourage buyers to come in and support the market today.
Plan A : Attempt buying if market stays firm above 1632
Plan B : Cut below 1628
Plan C : Consider selling if market surges but fails to break above 1644
Plan D : Cut above 1648
FCPO
FCPO resume with its gaining, heightening the market to a new record on Wednesday. Dalian and soybean oil are rather positive this morning while Ringgit strengthen to RM4.16 vs U.S. Dollar once again after a quick correction yesterday.
Plan A : Sell if market rebounded and resisted around 2560. Targets are 2542, 2533, 2524 and 2517.
Plan B : Buyer may stay out today unless market consolidated and supported above 2533. Targets are 2551, 2560 and 2589.
Plan C : Above 2560, no fresh position.
Plan D : Below 2533, 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.
0 comments:
Post a Comment