HSI FUTURES
U.S. stocks ended up on Wednesday, as gains in financial shares were powered by increasing expectations for a December rate hike and on hopes President Donald Trump’s administration may be making progress on a tax plan.
Hong Kong shares rose on Wednesday, led by resources stocks after upbeat profits for China’s industrial firms underscored the resilience of the world’s second-largest economy.
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Plan A : Above 27763, do nothing
Plan B : Below 27470, do nothing
Plan C : Attempt buying if market trades firmly above 27582
Plan D : Cut below 27525
Plan E : Consider selling if market surges but fails to breach above 27763
Plan F : Cut above 27810
FKLI
FKLI failed to keep up with previous day's buying momentum and lost steam once again yesterday. Market look likely to be under pressure once again today with 1751 acting as important support. Failure to hold above this level might triggers more selling activities.
Plan A : Attempt selling if market stays trading below 1757
Plan B : Cut above 1761
Plan C : Consider buying if market trades resiliently above 1751
Plan D : Cut below 1746.5
FCPO
FCPO surged up to 2770 after anchoring at support 2718 on Wednesday. However, the market depressed by strong selling pressure, failing to support the upside. Dalian and soybean oil are weak this morning while Ringgit stays at RM4.22 against the greenback.
Plan A : Buy only if market supported above 2713. Targets are 2727 and 2741.
Plan B : Sell if market rebounded and resisted around 2727. Targets are 2680 and 2672.
Plan C : Above 2727, no fresh position.
Plan D : Below 2713, 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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