We are expanding to global markets.
See next article for the trade plan.
FKLI
FKLI failed to sustain above 1600's as it closed at 1598 at the end of the day on last Friday. The market is indeed showing a bearish signal despite the intraday rebounds.
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Plan A : Attempt to long if market does not fall below 1595. Cut below 1592.
Plan B : Targets are 1598, 1601 and 1604.5.
Plan C : Attempt to sell if markets does not breach above 1601. Cut above 1605.
Plan D :Targets are 1598, 1595.5 and 1591.
FCPO
FCPO surged for 3% on last Friday to the peak at 2755 by breaking several resistances, with the contribution from both Dalian and bean. The buying pressure is strong within the market.
Market could have continue to surge higher as the Dalian and bean continue to inching up.
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Plan A : Long if market supports firmly above 2762. Targets are 2793 and 2830.
Plan B : Short if market fails to support above 2743. Targets are 2705 and 2670.
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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