Wall Street surged more than 1 percent on Tuesday and the Nasdaq had its strongest day in three months as investors made peace with the possibility that the U.S. Federal Reserve might soon raise interest rates.
Hong Kong shares finished up on Tuesday despite a fall in mainland indexes. Chinese shares fell in line with regional markets on Tuesday, with resource companies slumping as commodity prices tumble amid worries over China's economic health.
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Plan A : Above 20130, do nothing
Plan B : Below 19696, do nothing
Plan C : Attempt buying if market holds firm above 19846
Plan D : Cut below 19779
Plan E : Consider selling if market gap up but fails to breach above 20090
Plan F : Cut above 20130
FKLI
FKLI visibly moving in a consolidation mode with market stuck between the trading range of 1615-1636. Investors are urged not to be bias with current market. Buy on dips and sell on rebound for a short trade would be fine for the time being.
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Plan A : Attempt selling if market gap up but fails to breach above 1636
Plan B : Cut above 1638
Plan C : Consider buying if market retrace but holds firm above 1626
Plan D : Cut below 1620
FCPO
FCPO flattened on Tuesday until late hour that seller pressurizing the market to close low. Dalian and soybean are slightly up while Ringgit remain weak at RM4.11 against the greenback.
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Plan A : Buy if market supported above 2497. Targets are 2522, 2532 and 2541.
Plan B : Sell if market rebounded and resisted around 2541. Targets are 2527 and 2519.
Plan C : Above 2541, no fresh position.
Plan D : Below 2497, 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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