24 June 2016

HSI Futures

U.S. stocks rallied on Thursday, led by bank shares, as Wall Street bet strongly that Britain is voting to remain part of the European Union, potentially avoiding a hit to European trade and its consequences to global economic growth.

Hong Kong shares rose for their fifth straight day on Thursday, reflecting glowing optimism that Britain will vote to stay in the European Union. 

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Plan A : Above 21004, do nothing
Plan B : Below 20770, do nothing 
Plan C : Consider selling if market gap up but fails to breach above 21004
Plan D : Cut above 21109
Plan E : Attempt buying if market corrects and holds firm above 20770
Plan F : Cut below 20671


FKLI

Market closed at day's high level yesterday which is also one of the key resistance level. Buyers are advised not to be over bullish today as profit taking activities might kick in especially if market fails to break above 1650 today. Brexit voting results will be highly in focus today.

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Plan A : Buyers can consider take profits if FKLI fails to breach above 1640
Plan B : Intraday selling can be considered if market stays below 1640
Plan C : Cut above 1643
Plan D : Attempt buying if market corrects but stays firm above 1623
Plan E : Cut below 1619


FCPO

FCPO bottom out from 2351 and accelerated to 2417 after breaking the resistances. Dalian and soybean oil are slightly down while Ringgit hovers around RM3.98 to RM4.05.

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Plan A : Buy if market stabilized and supported above 2384. Targets are 2405, 2417, 2423 and 2448.
Plan B : Sell if market rebounded and resisted around 2448. Targets are 2424 and 2413.
Plan C : Above 2448, no fresh position.
Plan D : Below 2384, 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.