Thursday, March 21, 2019

22 March 2018

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Gold


Gold prices pared gains on Thursday after hitting three-week highs earlier in the session as a set of better than expected U.S. data lifted the dollar.

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Plan A : Attempt buying only if gold price trades firmly above 1307.7
Plan B : Cut below 1303.2
Plan C : Consider selling if gold price attempt rebound but fails to breach above 1310
Plan D : Cut above 1316.1


HSI/HSI Warrants

A tech rally led by Apple Inc pushed Wall Street higher on Thursday as jitters over the Federal Reserve’s forecast of an economic slowdown were calmed by upbeat economic data.

Hong Kong stocks ended lower on Thursday, pressured by tech firms, as concerns about Sino-U.S. trade talks lingered.

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Plan A : Above 29504, do nothing
Plan B : Below 28971, do nothing
Plan C : Attempt buying if market rebounds from 29173
Plan D : Cut below 29112
Plan E : Consider selling if market does not breach above 29477
Plan F : Cut above 29555


FKLI

FKLI had a sharp decline for more than 20-points in the first session due to the plunge in banking sectors in KLCI. The market declined from the peak at 1687.5 to 1658.5 before it then closed at 1662. Most of the buyers were chased out by the market and now the market trend gone haywire. 

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Plan A : Attempt buying if market rebounds from 1669
Plan B : Cut below 1665
Plan C : Consider selling if surges but fails to breach above 1678
Plan D : Cut above 1682


FCPO

FCPO opened lower today but rebounded at second session after a firm footing at 2152. Dalian closed slightly weak while soybean oil is insignificant at the moment. Ringgit on the other hand stays firm at RM4.05.

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Afternoon Plan

Plan A : Buy if market retraced but supported firm above 2167. Targets are 2189 and 2198.

Plan B : Sell if market failed to support above 2167. Targets are 2153 and 2138.
Plan C : Above 2177, no fresh position.
Plan D : Below 2157, 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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