HSI Futures
U.S. stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the euro zone.
Hong Kong stocks surged for the second day on Friday to trim losses for the week, tracking the turnaround in China's markets after Beijing unleashed a series of support measures staunch losses after a worryingly steep decline.
Plan A : Above 25022, do nothing
Plan B : Below 24477, do nothing
Plan C : Consider selling if market fails to break above 25022 and retrace
Plan D : Cut above 25022
Plan E : Attempt buying if market holds firm above 24801
Plan F : Cut below 24669
FKLI
Market continued its remarkable rebound with market closing above buying signal after touching an intraday low of 1657 just the day before. Sellers shall not be too bearish with the market as long as market holds firm above 1705.
Plan A : Attempt buying if market stays firm above 1710
Plan B : Cut below 1705
Plan C : Consider intraday sell only if market touch 1735 and retrace
Plan D : Cut above 1739
FCPO
FCPO rebounded to its high of 2209 on Friday after a dip from the peak of 2285. Dalian and soybean oil are slightly down today while RM remains at RM 3.79 against the US Dollar. Market might continue with the downtrend if it could not support above 2150. If not, it could be another round of consolidation for today.
Plan A : Overnight seller hold on to position. Resistance is 2200. Target is 2157, 2217, 2084 and 2056.
Plan B : Intraday investor or fresh seller may sell if market could rebound and resist at 2183 or 2194. Target is 2157, 2150 and 2141.
Plan C : Buyer may stay out today.
Plan D : Above 2190, do nothing.
Plan E : Below 2150, do nothing.
*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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