HSI Futures
U.S. stocks closed up on Thursday, bouncing back from two days of losses, helped by a weaker dollar and a rally in banking shares.
Hong Kong's main stock indices rose on Thursday, led by banking shares, as investors expect that Beijing's plans to let local governments swap out expensive debt will improve asset quality at Chinese lenders.
Plan A : Above 23902, do nothing
Plan B : Below 23636, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23885
Plan D : Cut above 24107
Plan E : Consider buying if market holds firm above 23761
Plan F : Cut below 23636
FKLI
Market successfully hold firm above 1770 and made a rebound yesterday. Recovery could continue today after overnight Dow gained 259-points.
Plan A : Attempt buying as long as market stays firm above 1775.5
Plan B : Cut below 1770
Plan C : Consider intraday sell if market surges but fails to break above 1795
Plan D : Cut above 1801
FCPO
FCPO had tight range yesterday with high and low at 2271 and 2234. Dalian and overnight soybean oil are down slightly affecting the opening price of the CPO market. Ringgit remains weak at RM 3.69 against the greenback.
Plan A : Intraday investor may sell if market could rebound and resist at 2246. Target is 2221 and 2189.
Plan B : Buyer may stay out unless market supported above 2221. Target is 2246 and 2253. Place a stop if support breached.
Plan C : Above 2250, 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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