FKLI

U.S. stocks closed sharply higher on Wednesday as investors sought bargains among beaten-down stocks and the recently battered biotechnology index bounced back on the last day of Wall Street's worst quarter since 2011. Hong Kong will be close today for National Day celebrations while China will begins its week-long National Day holiday today. Attentions will turn to China PMI data due to be released at 9 am today with a forecast of 49.7, which is the same figure for last month.

Market is expected to open firmer today after overnight Dow gained triple digits and together with RM recovering slightly from 4.48 to 4.40 against the greenback, there is a chance for market recovery today.

Plan A : Attempt buying if market trades firmly above 1603

Plan B : Cut below 1595

Plan C : Selling to be considered only if market test 1623 and retrace

Plan D : Cut above 1629

FCPO

FCPO had great sell-off yesterday with low 2365 and high of 2450. After a long unbeatable uptrend, market has finally going through some correction. Dalian is off today while soybean oil is slightly down. Ringgit strengthen slightly to RM4.41 against the greenback.

Plan A : Intraday investor may sell if market could resist at 2393. Target is 2336 and 2274.

Plan B : Buy if market could break through 2400. Target is 2464 and 2518.

Plan C : Above 2410, do nothing.

Plan D : Below 2360, 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.