HSI Futures
Wall Street advanced modestly on Wednesday after a sharp rise in oil prices boosted energy shares, while better-than-anticipated data on the labor market helped financial stocks.
Hong Kong stocks fell more than 1 percent to a two-week low on Wednesday, tracking losses in global equity markets amid lingering economic worries and concerns over the health of European banks.
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Plan A : Above 21920, do nothing
Plan B : Below 21685, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 21817
Plan D : Cut above 21920
Plan E : Consider buying if market holds resiliently above 21685 and rebound
Plan F : Cut below 21685
FKLI
FKLI broke below several major supports yesterday after failing to hold firm above 1652. Although market look likely to open higher today, moving in tandem with regional markets, selling pressure can be expected whenever there is any rebound in the market. Fresh selling can be considered if market rebounds and stays below 1652 today.
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Plan A : Attempt selling around 1648-1652
Plan B : Cut above 1655
Plan C : Consider buying only if market stays resiliently above 1640
Plan D : ut below 1637
FCPO
FCPO surged up vigorously throughout the day without any chance of correction on Wednesday. Dalian and soybean oil are slightly up while Ringgit stays at RM4.04 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2431. Only apply for opening hour. Targets are 2402 and 2388.
Plan B : Buy only if market retraced and stabilized above 2388. Targets are 2402, 2431, 2458 and 2470.
Plan C : Above 2431, no fresh position.
Plan D : Below 2388, 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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