21 July 2016

HSI Futures

Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end.

Hong Kong shares finished firmer on Wednesday, as investors eyeing dovish signals from central banks in recent weeks continued to bid up stocks. 

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Plan A : Above 21987, do nothing
Plan B : Below 21714, do nothing
Plan C : Attempt buying if market holds firm above 21821
Plan D : Cut below 21770
Plan E : Consider selling only if market fails to break above 21930 and triggers a sell
Plan F : Cut above 21930


FKLI

FKLI continued its consolidation yesterday with market eventually closed at day's high level of 1671.5. Chart wise, market is still performing fairly fine but news of U.S. started query into 1MDB might spook investors today. Therefore, investors are to be reminded to stay open minded as market could move either way today.

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Plan A : Attempt sell if market stays below 1668
Plan B : Cut above 1673.5
Plan C : Consider buying if market corrects but rebounds from 1663
Plan D : Cut below 1659


FCPO

FCPO inched up on Wednesday resuming the journey to the North. Dalian and soybean oil are slightly up while Ringgit stays at RM4.03 against the greenback.

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Plan A : Buy if market retraced and supported above 2332. Targets are 2354, 2369 and 2404.
Plan B : Sell if market rebounded but resisted around 2354. Targets are 2332, 2321 and 2305.
Plan C : Above 2354, no fresh position.
Plan D : Below 2332, 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.