18 February 2014

HSI Futures

U.S. markets were closed for President's Day holiday while European shares climbed to a three-week high in thin volumes on Monday, extending a strong two-week rally fuelled by record inflows from an increasing number of investors betting on the region's economic recovery.

Hong Kong shares closed at their highest in three weeks on Monday, thanks to robust Chinese bank lending data and a rally by mainland insurers after China Life Insurance reported strong January premium growth.

Plan A : Below 22297, do nothing
Plan B : Above 22654, do nothing
Plan C : Consider selling if market fails to breach above 22654 and triggers a sell
Plan D : Cut above 22654
Plan E : Wait for market to test 22297 before considering any buying. Attempt buying only if market supports well above 22297 and triggers a buy again
Plan F : Cut below 22297


FKLI

FKLI continued to hold firm but still failed to breach above 1835. Market could potentially test this resistance level once again today. Eager sellers can wait and see whether market could breach this level before deciding to sell or not.

Plan A : Attempt buying around 1821-1823
Plan B : Cut below 1818
Plan C : Consider selling if market surges but fails to break above 1835
Plan D : Cut above 1837


FCPO

Market recovered in the second session and continue to rally to 2684. Regional competitive substituents are also pointing upwards. High chances of market moving higher today.

Plan A : Intraday investor might want to try some buy around 2670's taking 2669 as support. Target profit looking at 2692 and 2706.
Plan B : Long term buyer may want to reinstate buying position around 2640's level if market retraced and supported at 2632.
Plan C : Seller may need to wait to sell at extreme points but it might be today. Try selling around 2740 if it comes.
Plan D : Above 2710, do nothing
Plan E : Below 2630, do nothing


*Disclaimer: This information is intended to assist professional investors. 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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment