13 August 2014

HSI Futures

U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August.

Hong Kong's benchmark share index reversed midday losses and finished higher on Tuesday, as strength in two leading technology firms outweighed weakness among financial stocks.

Plan A : Above 24736, do nothing
Plan B : Below 24446, do nothing
Plan C : Attempt selling if market surge but fails to break above 24644
Plan D : Cut above 24736
Plan E : Consider buying if market corrects and holds firm above 24446
Plan F : Cut below 24324


FKLI

Market trying to find a bottom around the 1845 level for now eventhough it failed to breach above 1851. Trading range could be tight once again today unless there's any convincing break out from here

Plan A : Attempt selling if market fails to break above 1852
Plan B : Cut above 1855
Plan C : Consider buying if market stays firm above 1845
Plan D : Cut below 1842


FCPO

FCPO continue to trade below 2200 yesterday with new low of 2162 during opening hour. Market is still trending down in overall view with ringgit holding at 2.19 against the greenback. 

Plan A : Overnight seller may hold on to position. Resistance is looking at 2198. Target is looking at 2158 and 2103.
Plan B : Intraday investor could attempt selling if resistance 2198 is not broken. Target price is 2158.
Plan C : Buyer may stay out of market.
Plan D : Above 2210, do nothing.
Plan E : Below 2150, 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