18 June 2014

HSI Futures

U.S. stocks rose on Tuesday as data pointing to higher inflation lifted financial shares while high-growth tech names attracted renewed attention. Focus today will be on U.S. FOMC Yellen's speech after the meeting.

Hong Kong shares finished lower on Tuesday, dragged down by under performing financial companies and a weaker Macau gaming sector. 

Plan A : Above 23279, do nothing
Plan B : Below 23094, do nothing
Plan C : Consider intraday selling if market fails to break above 23279 after a higher opening
Plan D : Cut above 23350
Plan E : Attempt buying if market holds firmly above 23094 and triggers a buy again
Plan F : Cut below 23094


FKLI

Market continued to consolidate within the same range yesterday. It look likely to face the same scenario today unless market breaks out convincingly from the 1868-1880 range

Plan A : Attempt buying between 1870-1872
Plan B : Cut below 1868
Plan C : Consider intraday selling if market fails to breach above 1880
Plan D : Cut above 1886


FCPO

FCPO went to high of 2453 yesterday and eventually closed lower during the eleventh hour. Since market has done with the correction, forming a support at 2407 level, investor could consider to buy if support level is not breached.

Plan A : Buyer could buy if market support at 2407 and 2422. Profit target is looking at 2469 for intraday investor and 2540 for long term investor.
Plan B : Intraday seller could sell if 2453 not broken but do not chase selling if it is too far from resistance. Target is at 2407 and  2422.
Plan C : Above 2460, do nothing.
Plan D : Below 2390, 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 with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment