HSI Futures
U.S. stocks ended marginally lower on Thursday as lingering worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts.
Hong Kong stocks rose on Thursday, as some analysts revised up their index targets in anticipation of fresh money flows from the mainland.
Plan A : Above 27791, do nothing
Plan B : Below 27416, do nothing
Plan C : Attempt selling if market trades below 27652
Plan D : Cut above 27791
Plan E : Consider buying if market gaps down but holds firm above 27416
Plan F : Cut below 27329
FKLI
Another day of seesaw trading for FKLI yesterday with investors still clueless on next market direction. Rotational play can be seen in the cash counters with Ringgit strengthened fiercely to 3.63 against the greenback today while profit taking activities too kicking in at the same time.
Plan A : Attempt buying if market holds firm above 1840
Plan B : Cut below 1832
Plan C : Intraday selling can be considered if market rebounds but fails to break above 1848
Plan D : Cut above 1855
FCPO
FCPO passed the chance for the W-formation and deviates to move down South. Dalian and soybean oil markets are slightly down this morning while crude palm oil also opened slightly lower. Market has two possibilities of going on a downtrend or consolidation if support is not breached.
Plan A : Overnight seller hold on to position unless resistance at 2155 is breached. Target is 2128, 2102 and 2075.
Plan B : Intraday investor or seller may sell if market could rebound near and resist at 2147. Target is 2128 and 2102.
Plan C : Buyer may stay out.
Plan D : Above 2150, do nothing.
Plan E : Below 2120, do nothing.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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