20 October 2014

HSI Futures

It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.

Hong Kong shares finished higher on Friday, lifted by signs of recovery in overseas markets and a good earnings report from one casino that lifted stocks in that sector. Attention will be on China's GDP data releasing tomorrow 10 am. 

Plan A: 22851-23128, do nothing
Plan B : Attempt buying if market breaches and hold firm above 23128
Plan C : Cut below 22851
Plan D : Consider selling if market stays trading below 22851
Plan E : Cut above 23128


FKLI

Market went through a strong rebound after finding its foot above 1873.5 level last Friday. Market is expected to take cue from positive Dow to further recover today. Successful breach above 1798.5 today would send positive signal to the bull hopefuls.

Plan A : Attempt buying if market corrects and stays firm above 1782
Plan B : Cut below 1775.5
Plan C : Consider selling if market surge but fails to break above 1806
Plan D : Cut above 1810


FCPO

FCPO leaped last Friday and stay firm above support with the low of 2128. Dalian and soybean oil are performing less attractive today with negative net change, while Ringgit remain weak at RM3.27. 

Plan A : Overnight seller may have exited the market as resistance is broken. If you have not, seller is advised to exit position today if market cannot break 2120. Resistance remains as 2143. Target is 2120 and 2068.
Plan B : Intraday investor may buy if market could support above 2120. Target is 2163. 
Plan C : Above 2150, do nothing.
Plan D : Below 2110, 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