HSI Futures
Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major currencies. Dow closes at record high as investors cheer strong earning season.
Hong Kong stocks closed at a 25-month high on Monday after completing a seventh-straight month of gains, powered by strength in dual-listed resource firms which forecast rises in first-half earnings.
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Plan A : Above 27281, do nothing
Plan B : Below 27080, do nothing
Plan C : Attempt buying if market holds firmly above 27180
Plan D : Cut below 27080
Plan E : Consider selling if market remains trading below 27281
Plan F : Cut above 27330
FKLI
FKLI continue its consolidation as market stuck trading between 1760-1772. FKLI has been laggard as compared to other regions as investors are cautious with political uncertainties in Malaysia as General Election dates are unknown thus far. Another day of tight range trading can be expected if there is no fresh news coming into the market.
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Plan A : Attempt buying if market stays firm above 1763
Plan B : Cut below 1760
Plan C : Consider selling if market surges but fails to breach above 1767
Plan D : Cut above 1771
FCPO
FCPO attempted to rebound above 2700 again after a touch-n-go during opening hour, however, the buying impulse is weak and resulting in pressured market at close. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.27 against the greenback.
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Plan A : Buy if market retraced but supported above 2650. Targets are 2682, 2705 and 2732.
Plan B : Sell if market rebounded but resisted around 2682. Targets are 2650 and 2637.
Plan C : Above 2682, no fresh position.
Plan D : Below 2650, 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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