HSI Futures
Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.
Hong Kong stocks hovered near 10-month highs on Wednesday, capping a month of solid gains, amid signs that inflows of money from China accelerated in recent days as preparations for the Shenzhen-Hong Kong Stock Connect went into high gear. China's official PMI data is due for release at 9 am local time today.
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Plan A : Above 22980, do nothing
Plan B : Below 22785, do nothing
Plan C : Attempt selling if market stays trading below 22930
Plan D : Cut above 22980
Plan E : Consider buying if market opens gap down but rebounds from 22785
Plan F : Cut below 22785
FKLI
FKLI finally succumbed under pressure and closed below 1680-level on Tuesday. Market will be deemed weak if it stays below 1676 or worse if it breaks below 1668 level. Therefore, buyers must be extra vigilant today.
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Plan A : Attempt selling if market stays below 1680
Plan B : Cut above 1685
Plan C : Consider buying only if market test 1668 and rebound
Plan D : Cut below 1668
FCPO
FCPO flattened over Tuesday trading and it eventually settled at 2526 with low volume. Dalian and soybean oil are rather weak this morning while Ringgit stays at RM4.08 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2507/2516. Targets are 2485, 2473, 2464 and 2427.
Plan B : Buy only if market supported firmly above 2507. Targets are 2516, 2521, 2526 and 2533.
Plan C : Above 2521, no fresh position.
Plan D : Below 2485, 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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