HSI Futures
U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows. The stock market will be closed on Thursday, while Friday will be a half-day session with the close at 1 p.m. in conjunction with Thanksgiving Day celebrations.
Hong Kong shares produced a solid rise on Wednesday following a rally in mainland markets. The financial sector led gains, letting the market shrug off the negative impact on energy majors from falling world oil prices.
Plan A : Above 24349, do nothing
Plan B : Below 23807, do nothing
Plan C : Consider intraday sell if market gaps up but fails to break above 24349
Plan D : Cut above 24418
Plan E : Attempt buying if market corrects but holds firm above 23992
Plan F : Cut below 23807
FKLI
Market continued to hold firm yesterday with a rally in sight. Successful hold up above 1841 will likely see market testing 1853.5 level next.
Holding long
Plan A : 1836-1865, do nothing
Plan B : Below 1836, liquidate
Plan C : Above 1865, consider taking profits
Plan D : Intraday selling to be considered only if market fails to break above 1853.5
Plan E : Cut above 1862
FCPO
FCPO had strong market upheld yesterday and it started to spike during the second trading session. Market has now shifted to a buy signal but investor should be cautious with the entry price.
Plan A : Fresh buyer may wait for market to stabilize before entering a position. Support is 2215 and 2224. Target is 2270.
Plan B : Seller may sell if market could not break 2258. Target is 2224 and 2215.
Plan C : Above 2260, do nothing.
Plan D : Below 2220, 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
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