20 October 2016

HSI Futures

U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials.

Hong Kong shares fell on Wednesday, giving up some of the previous session's solid gains, as China's economic growth data did little to prop up fragile investor sentiment.

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Plan A : Above 23388, do nothing
Plan B : Below 23175, do nothing
Plan C : Attempt selling if market stays below 23299
Plan D : Cut above 23388
Plan E : Consider buying if market supported well above 23200 and rebound
Plan F : Cut below 23175


FKLI

FKLI was seen holding firm yesterday despite some minor profit taking activities which sent market to a low of 1662.5 before rebounding to close at 1667. Improving RM against USD at 4.168 might give the support FKLI needed to hold firm ahead of Budget Day 2017 announcement tomorrow. Scheduled U.S. Presidential debate due at 9 am Malaysian time also will be the focus for today. 

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Plan A : Attempt buying if market stays firm above 1663
Plan B : Cut below 1660
Plan C : Consider selling if market surges but fails to breach above 1674.5
Plan D : Cut above 1678


FCPO

FCPO flattened yesterday despite the surge in the afternoon due to the major recovery from Dalian market. The upside continue from both soybean oil and Dalian while Ringgit stays at RM4.17 against the greenback.

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Plan A : Buy only if market supported above 2737. Targets are 2756, 2770 and 2802.
Plan B : Sell if market rebounded and resisted around 2756. Targets are 2737, 2729 and 2722.
Plan C : Above 2756, no fresh position.
Plan D : Below 2737, no fresh position.  



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