U.S. stocks closed at record levels for a second consecutive session on Friday, boosted by gains in technology and industrial stocks that more than offset a lukewarm jobs report.
Hong Kong stocks closed the week at a near two-year high, supported by an upbeat mood in global equity markets and continuous money inflows from China. China will release its Caixin services PMI data for the month of May later at 9.45 am.
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Plan A : Above 25755, do nothing
Plan B : Below 25633, do nothing
Plan C : Attempt buying if market holds well above 25674
Plan D : Cut below 25633
Plan E : Consider selling if market surges but fails to breach above 25755
Plan F : Cut above 25835
FKLI
FKLI closed almost at day's high level before going into the weekend last Friday. Market seems supported but after the terrorist attack in U.K. yesterday, market might have a cautious opening. A firm hold above 1769 would set a base for market to rally ahead of Hari Raya celebration. Otherwise, profit taking activities might kick in if market fails to hold above 1769.
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Plan A : Attempt buying if market holds firmly above 1769
Plan B : Cut below 1766
Plan C : Consider selling if market trades consistently below 1774
Plan D : Cut above 1778
FCPO
FCPO remain unstable since end of last month 'till date and yet to discover the direction of the market. Dalian and soybean oil are slightly up while Ringgit strengthen at RM4.26 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2525. Targets are 2495, 2471 and 2450.
Plan B : Buy if market retraced but stabilized above 2504. Targets are 2525, 2540 and 2575.
Plan C : Below 2504, no fresh position.
Plan D : Above 2525, 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.
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