HSI Futures

Wall Street threaded water on Thursday following two days of strong gains as advancing defensive sectors offset declines in materials, banks and other cyclical industries.

Hong Kong stocks were little changed on Thursday following sharp gains the previous session, with renewed concerns about a possible near-term U.S. interest rate hike curbing risk appetite.

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Plan A : Above 20481, do nothing

Plan B : Below 20220, do nothing

Plan C : Attempt selling if market gap up but fails to breach above 20481

Plan D : Cut above 20564

Plan E : Consider buying if market holds firm above 20340

Plan F : Cut below 20220

FKLI

FKLI lost its steam towards the final hour of trading yesterday after failing to hold above 1634. Market potentially going for a consolidation stage once again with market trying to stabilizes itself above 1627. 

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Plan A : Attempt buying if market corrects but holds firm above 1627

Plan B : Cut below 1622

Plan C : Consider intraday selling if market rebounds but fails to breach above 1636

Plan D : Cut above 1640

FCPO

FCPO sky rocket on Thursday second session marching towards the 2600 level, however, the retracement came in late hour causing the settlement to close lower at 2579. Dalian and overnight soybean oil are slightly weak while Ringgit stays at RM4.07 against the greenback.

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Plan A : Sell if market rebounded and resisted around 2586. Targets are 2570, 2561 and 2555.

Plan B : Buy if market opened lower but supported above 2555. Targets are 2568 and 2575. Only apply to opening hour.

Plan C : Above 2586, no fresh position.

Plan D : Below 2555, no fresh position.

  

*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.