28 October 2014

HSI Futures

U.S. stocks ended near flat on Monday, pausing after the S&P 500's biggest weekly gain since January 2013, while energy shares fell with another decline in oil prices.

Hong Kong shares fell on Monday, dragged down by a slide in brokerages amid uncertainty over the launch date of a closely-watched scheme linking the Hong Kong and Shanghai stock exchanges.

Plan A : Above 23325, do nothing
Plan B : Below 22980, do nothing
Plan C : Consider buying if market stays firm above 23111 and triggers a buy
Plan D : Cut below 22980
Plan E : Attempt selling if market fails to break above 23325 and triggers a sell
Plan F : Cut above 23501


FKLI

Market once again failed to break above 1825 and faced profit taking selling yesterday. Market could consolidate between 1813-1825 for the time being, unless it could break convincingly away from this range.

Plan A : Attempt selling if market fails to break above 1825
Plan B : Cut above 1828
Plan C : Consider buying if market holds firmly above 1813
Plan D : Cut below 1810


FCPO

FCPO flattened yesterday and today it might open lower as soybean oil and Dalian are trading weak. Market is taking a breather after the recent rally, therefore, it could be challenging for intraday investor due to the tight range. Ringgit remains weak at RM3.27 against the greenback.

Plan A : Overnight buyer hold on to position. Support is looking at 2153. Target is 2317.
Plan B : Intraday investor may stay out of market due to recent tight range.
Plan C : Fresh buyer may buy if market support above 2153. Hold overnight if market could hold above 2170 at closing.
Plan D : Above 2180, 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