17 May 2019 (Friday)
FKLI
FKLI closed lower as the profit-taking activities took place and ended the consecutive rises. The market traded in tight range for most of the time yesterday and supported well above 1600's until it then tumbled with the cash market to lowest at 1592.5 and closed at 1596, closed lower for 8.5-pts or 0.53%.
Today, majority of global overnight main indices markets were generally closed higher, even Dow too closed higher for more than 200-pts or 0.84%. Thus, we may expect the market to hover around the support level at 1600's.
Today's planning:
Plan A: Consider selling if market resisted before 1600, cut above 1604.
Plan B: Attempt buying if market holds firm above 1600, cut below 1595.
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.
FKLI
FKLI closed lower as the profit-taking activities took place and ended the consecutive rises. The market traded in tight range for most of the time yesterday and supported well above 1600's until it then tumbled with the cash market to lowest at 1592.5 and closed at 1596, closed lower for 8.5-pts or 0.53%.
Today, majority of global overnight main indices markets were generally closed higher, even Dow too closed higher for more than 200-pts or 0.84%. Thus, we may expect the market to hover around the support level at 1600's.
Today's planning:
Plan A: Consider selling if market resisted before 1600, cut above 1604.
Plan B: Attempt buying if market holds firm above 1600, cut below 1595.
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.