Tuesday, April 23, 2019

24 April 2019

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GOLD

Gold prices fell to a near four-month low on Tuesday as the dollar gained and investors preferred riskier assets, dampening the safe haven metal's appeal.

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Plan A : Attempt selling if gold price remains trading below 1277.2
Plan B : Cut above 1279.8
Plan C : Consider buying if gold price supports well above 1266.9
Plan D : Cut below 1264




HSI/HSI Warrants

The S&P 500 and the Nasdaq registered record closing highs after a broad-based rally on Tuesday as a clutch of better-than-expected earnings reports eased concerns about a slowdown.

Shares in Hong Kong ended unchanged on Monday after a long holiday weekend, while H-shares lagged as a promise of policy fine-tuning from a top-level meeting chaired by President Xi Jinping added to investor worries over a slower pace of easing in China. 

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Plan A : Above 30225, no fresh position.
Plan B : Below 29862, no fresh position.
Plan C : Buy if market supported firmly above 30022. Targets are 30085 and 30125.
Plan D: Cut below 29950.
Plan E : Sell if market surge but fails to breach above 30225 Targets are 30125 and 30080. 
Plan F : Cut Above 30300. 


FKLI

FKLI stamped it foot firm above 1620's and surged to the peak at 1629.5 yesterday before it then closed at 1626. The market seems to be rebounding as reacting to the global market movement and thus, sellers are ought to grab their profit at any possible chances to avoid unnecessary losses.

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Plan A : Attempt buying if FKLI stays firm above 1626.
Plan B : Cut below 1621.
Plan C : Consider selling if FKLI does not breach above 1634.5.
Plan D : Cut above 1638.




FCPO

FCPO opened gap down today to 2140, later trapped within the 12 points range for the first session. Dalian and overnight soybean oil are weak while Ringgit stays at RM4.13 against the greenback.   

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Afternoon Plan 

Plan A : Sell if market rebounded but failed to support above 2151. Targets are 2138 and 2123.
Plan B : Buy if market supported firm above 2151. Targets are 2166 and 2179.
Plan C : Above 2157, no fresh position.
Plan D : Below 2145, 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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