HSI Futures
All three major Wall Street indexes ended with record closes on Wednesday as gains in consumer discretionary and energy stocks offset losses in Apple.
Hong Kong stocks dipped on Wednesday, as Asian equities slipped from 10-year highs despite Wall Street hitting record highs overnight. A barrage of China data are to expected today with industrial production and retails sales data due today.
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Plan A : Above 27924, do nothing
Plan B : Below 27788, do nothing
Plan C : Attempt selling if market remain trading below 27880
Plan D : Cut above 27924
Plan E : Consider buying if market test 27788 and rebound
Plan F : Cut below 27788
FKLI
FKLI tested its resistance at 1790.5 and retraced thereafter amid profit taking activities as expected. Profit taking might continue today with support seen at 1777. Failure to breach above 1785 today will likely see more selling activities.
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Plan A : Sell if market fails to breach above 1785
Plan B : Cut above 1791
Plan C : Buy if market test and rebound from 1777
Plan D : Cut below 1772
FCPO
FCPO initiated with a strong boost to 2864 on Wednesday's opening which then retraced to 2828 before a strong buying interest came in towards the close. Dalian and soybean oil are positive today while Ringgit stays firm at RM4.19 against the greenback.
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Plan A : Buy if market retraced but supported above 2871. Targets are 2888, 2929 and 2943.
Plan B : Sell only if market failed to hold above 2871. Targets are 2852 and 2813.
Plan C : Above 2888, no fresh position.
Plan D : Below 2852, 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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