HSI Futures

A slump in the shares of Austrian bank Erste hit the Vienna stock exchange on Friday and halted a rally on the broader European equity market which had reached multi-year highs this week. U.S. market will resume trading today after closed for Independence Day celebration last Friday.

Hong Kong's benchmark index ended flat on Friday, as early gains on upbeat U.S. jobs data was cancelled out by weakness in mainland markets.

Holding a long

Plan A : 23384-23758, do nothing

Plan B : Below 23384, cut

Plan C : Above 23758, consider taking profits first if it retrace after a higher opening

Plan D : Consider turning sell only if market fails to break above 23671 and triggers a sell

Plan E : Cut above 23758

FKLI

Market opened with a bang but ended closed near day's low last Friday. Market must hold firm above 1887 today if it were to avoid being sell down despite having a strong Ringgit at the moment. 

Plan A : Attempt selling if market fails to break above 1897.5

Plan B : Cut above 1902

Plan C : Consider buying only if market holds firm above 1887 and rebound

Plan D : Cut below 1884

FCPO

Market seems to be forming a down channel at the initial stage. Therefore, buyer should be cautious and exit the market.

Plan A : Overnight buyer should have exited the market as 2409 is broken. If you have not, do exit today. Buyer should stay out.

Plan B : Fresh seller may want to sell at rebound, taking resistance at 2427. Target price is 2362.

Plan C : Overnight seller could hold on to position. Resistance is looking at 2433 and target price is 2316.

Plan D : Above 2440, do nothing.

Plan E : Below 2350, 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