HSI Futures
U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.
Hong Kong's benchmark share index closed at a two-month low after posting its biggest weekly loss since March, with investors retreating as the U.S. dollar gained strength. Asian equity markets are poised to start the week higher following a positive U.S. lead but fresh signs of slowing growth in China may limit gains. Ongoing standoff in Hong Kong which turned ugly might also dampened any significant surge.
Plan A : Above 23805, do nothing
Plan B : Below 23570, do nothing
Plan C : Consider selling if market gaps up but fails to break above 23805
Plan D : Cut above 23950
Plan E : Attempt buying if market stays firm above 23570 and triggers a buy
Plan F : Cut below 23530
FKLI
Market defied the selling pressure and closed almost at day's low level last Friday. Despite some attempts to rebound, this recovery could be temporary as geopolitical risks in the region might distort any further surge.
Plan A : Attempt selling if market fails to breach above 1842
Plan B : Cut above 1845
Plan C : Consider buying only if market holds stubbornly above 1832
Plan D : Cut below 1826
FCPO
FCPO was exerted with selling pressure after reaching 2203 and market eventually closed at 2177. Market opened with slight gap as both Dalian and soybean oil are trading weak. Ringgit remain exhausted chasing against the greenback.
Plan A : Overnight buyer hold on to position. Support is 2159. Target is 2248.
Plan B : Intraday investor might want to buy if 2159 is not breached. Target is 2212.
Plan C : Above 2220, do nothing.
Plan D : Below 2150, do nothing.
*Disclaimer: This information is intended to assist professional investors. 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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