Thursday, February 21, 2019

22 February 2019

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Gold


Gold slipped off a 10-month peak on Thursday, pressured by signals the U.S. Federal Reserve will not adopt as dovish a stance on monetary policy as previously thought and as investors booked profits.

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Plan A : Attempt selling if gold price remain trading below 1327.3
Plan B : Cut above 1333
Plan C : Consider buying only if gold price able to support well above 1320
Plan D : Cut below 1315.2


HSI/HSI Warrants

Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.

Hong Kong shares rose on Thursday as signs of progress in trade talks between the United States and China boosted investor hopes that the countries could reach an agreement to end their bruising seven-month trade war.

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Plan A : Above 28700, do nothing
Plan B : Below 28450, do nothing
Plan C : Consider buying if market retrace but supported well above 28450
Plan D : Cut below 28400
Plan E : Attempt selling if market trades consistently below 28640
Plan F : Cut above 28700


FKLI

Market scaled another intraday high of 1729.5 before settling slightly positive at 1726.5 yesterday. Market is expected to open lower today after overnight Dow closed down 103-points. 

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Plan A : Attempt buying if market trades firmly above 1720.5
Plan B : Cut below 1717
Plan C : Consider selling if market fails to breach and stay firm above 1728.5
Plan D : Cut above 1733


FCPO


FCPO rebounded to 2278 this morning after a magic touch at 2234 yesterday. Dalian and soybean oil are mixed while Ringgit slightly weaken to RM4.08 against the greenback.

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Plan A : Sell if market failed to support above failed to support above 2272. Targets are 2254 and 2243.
Plan B : Buy if market supported firm above 2272. Targets are 2284 and 2298.
Plan C : Above 2282, no fresh position.

Plan D : Below 2262, 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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