15 June 2016

HSI Futures

Wall Street dropped for a fourth straight session on Tuesday as central bank policymakers weighed the health of the U.S. economy and investors worried about an upcoming vote in Britain on whether to leave the European Union.

Hong Kong shares fell on Tuesday, with market sentiment curbed by worries about China's economy and uncertainty around this week's Federal Reserve meeting and next week's British referendum on whether to leave the European Union.

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Plan A : Above 20315, do nothing
Plan B : Below 20055, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 20290
Plan D : Cut above 20335
Plan E : Consider intraday buying if market gap down and rebounds from 20055
Plan F : Cut below 20055


FKLI

FKLI made few attempts to recover but failed in the end in a tight 8-points range trading yesterday. Selling pressure likely to remain today unless there's any inflow of good news. Otherwise, it is likely that FKLI going to stay trading below 1626 level for now.

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Plan A : Attempt selling if market stays below 1623.5
Plan B : Cut above 1627
Plan C : Consider intraday buying if market test 1609.5 and rebounds
Plan D : Cut below 1607


FCPO


FCPO continue to plunge on Tuesday returning to where it took-off since end of May. Dalian and soybean are slightly weak while Ringgit stays at RM4.10 against the greenback.

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Plan A : Buy if market retraced and supported above 2478. Targets are 2495, 2503 and 2511. 
Plan B : Sell if market rebounded and resisted around 2511. Targets are 2494, 2489, 2478 and 2463.
Plan C : Above 2511, no fresh position.
Plan D : Below 2463, 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.