Wall Street closed higher on Thursday as investors digested the implications of a British lawmaker's death on the country's impending referendum on whether to leave the European Union.
Hong Kong shares slumped more than 2 percent on Thursday as fears of a possible British exit from the European Union outweighed relief after the U.S. Federal Reserve struck a more cautious note on interest rates.
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Plan A : Above 20159, do nothing
Plan B : Below 19795, do nothing
Plan C : Attempt selling if market rebound but fails to break above 20055
Plan D : Cut above 20110
Plan E : Consider buying if market test 19795 and rebound
Plan F : Cut below 19780
FKLI
FKLI went through another slump yesterday after failing to hold firm above 1623. However, next support level at 1609.5 is still intact. Sellers are advised to exercise extra cautious with trading today as market could potentially stage a technical rebound today, taking cue from regional markets. Avoid selling at a too low level and get caught.
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Plan A : Attempt buying if market holds firm above 1614.5
Plan B : Cut below 1609.5
Plan C : Consider selling if market rebounds but fails to breach above 1624
Plan D : Cut above 1627
FCPO
FCPO flattened on Thursday after straight 4 days of tumble. Overnight soybean oil nailed down US$0.80 while Dalian stays at negative territories. Ringgit still hovers around RM4.08 to RM4.10 against the greenback.
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Plan A : Buy if market opened gap-down around 2378. Targets are 2408, 2423, 2432 and 2456.
Plan B : Sell if market opened unchanged and resisted around 2431. Targets are 2411, 2390, 2378 and 2350.
Plan C : Above 2408, no fresh position.
Plan D : Below 2378, 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.
Hong Kong shares slumped more than 2 percent on Thursday. It has shown its effect in Indian share market as well. For more updates follow epic research.
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