Thursday, December 27, 2018

28 December 2018

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Gold

Gold prices rose on Thursday, helped by a weaker dollar and as a relief recovery in stock markets fizzled out, driving investors toward the safe-haven metal.


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Plan A : Continue hold buy as long as gold price stays above 1273.6
Plan B : Take profit if gold price falls below 1273.6
Plan C : Consider selling if gold price trades consistently below 1273.6
Plan D : Cut above 1279.1



HSI/HSI Warrant

U.S. stocks fell sharply at open on Thursday following a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.

The Hong Kong market tracked the fall in mainland Chinese shares on Thursday, marking its lowest close in almost two months as investors sought to mitigate the damage from a fall in Sinopec shares after the surprise suspension two of its executives.

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Plan A : Attempt selling if market surges but fails to break above 25733
Plan B : Cut above 25818
Plan C : Consider buying if market stays above 25660
Plan D : Cut below 25575



FKLI


FKLI peaked at 1687.5 despite the overnight Dow rallied for more than 1000-points. The market failed to break above 1687.5 for several attempts and gradually declined and closed at day's low at 1680. This indicated that the market is slightly overbought now and the bearish signal starts to kick in. However, with the year end window dressing effect, the market may have some wild swing before to end the year with a bang.

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Plan A : Attempt selling if market surges but fails to break above 1695
Plan B : Cut above 1701
Plan C : Consider buying if market firmly supported above 1679
Plan D : Cut below 1675


FCPO

FCPO is expected to take another beating today after overnight bean plunged. Market look likely to be under pressure today with bearish sentiments all over. Ringgit strengthened to 4.155 against the green back today.


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Plan A : Sell if FCPO prices remain trading below 2109. Targets are 2091 and 2076.
Plan B : Buy only if FCPO able to rebound from 2076. Targets are 2100 and 2109.
Plan C : Above 2109, no fresh position
Plan D : Below 2091, 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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