HSI Futures
Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.
Hong Kong shares finished modestly higher on Wednesday, shaking off sharp losses in mainland China markets.
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Plan A : Above 22365, do nothing
Plan B : Below 22000, do nothing
Plan C : Attempt buying if market holds firm above 22190
Plan D : Cut below 22100
Plan E : Consider selling if market gap up but fails to breach above 22290
Plan F : Cut above 22365
FKLI
FKLI performed rather weak yesterday even when regional markets were performing fairly okay. There is a possibility that market could stumble under pressure today if FKLI fails to hold firm above the 1658 level. Failure to stand firm above this level would see buyers liquidating their position and also inflow of fresh sellers. Hence, investors must stay vigilant and act accordingly today.
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Plan A : Sell only if market fails to hold firm above 1658
Plan B : Cut above 1665
Plan C : Consider buying if market remains resilient above 1664
Plan D : Cut below 1658
FCPO
FCPO continue to swing upside at opening hour, resisted at 2338, market retraced back to 2288 and settled at intraday buy signal. Dalian and soybean oil are slightly positive today while Ringgit stays at RM4.06 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2329. Targets are 2304, 2295 and 2281.
Plan B : Buy if market stabilized above 2309. Targets are 2329, 2338 and 2373.
Plan C : Above 2329, no fresh position.
Plan D : Below 2309, 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.
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