HSI Futures

U.S. stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high.

Chinese shares rallied on Friday, led by banks and property shares, amid speculation the country's securities regulator would reveal details of a preferred pilot scheme and news of looser finance restrictions for developers. Hong Kong shares ended up, lifted by the rally in Chinese shares in the afternoon session, on gains led by Li & Fung and the property sector.

Holding a long

Plan A : 21252-21612, do nothing

Plan B : Above 21612, consider taking profits first

Plan C : Below 21252 , cut

Plan D : Consider turning sell if market surge but once again fails to break above 21612

Plan E : Cut above 21612

FKLI

FKLI looked like finally found its firm footing and prepare for another rally despite weak ringgit. Successful close above 1816 could be the catalyst for market to remain strong for the remainder of the month

Plan A : Take a long between 1820-1822

Plan B : Cut below 1816

Plan C : Consider only intraday selling if market surge but fails to break above 1834

Plan D : Cut above 1837

FCPO

Market shown some weakness over last Friday despite the weakening ringgit. Breaking of the last defense level at 2730 has turned around the chart to a sell. 

Plan A : Buyer might have to stay out today until market form a new support level.

Plan B : Long term seller might want to sell at rebound. Resistance looking at 2748 and 2738. Target profit is 2613. 

Plan C : Intraday trader might attempt some sell around 2728 to 2730's, taking 2738 as resistance. Target price looking at 2695.

Plan D : Above 2760, do nothing.

Plan E : Below 2670, do nothing.


 *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