The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years.
Hong Kong shares rose slightly on Wednesday, shrugging off the impact from mainland shares which fell as investors remained wary following the recent volatility.
Plan A : Above 24688, do nothing
Plan B : Below 24347, do nothing
Plan C : Consider intraday selling if market gaps up but fails to break above 24688
Plan D : Cut above 24797
Plan E : Attempt buying if market holds firm above 24468
Plan F : Cut below 24347
FKLI
No clear direction can be found from FKLI as it consolidates within the range of 1705-1723 for now. Eager traders can consider intraday trades based on the support and resistance range of 1705 and 1723. Otherwise, stay out for the time being
Plan A : Consider near 1719 if it doesn't breach through
Plan B : Cut above 1723
Plan C : Consider going long if market stays firm above 1709
Plan D : Cut below 1705
FCPO
FCPO lost its ground after rebounding to 2082, the tumble made a great impact to the market where buyer were forced to exit, exerting selling pressure to a new low. Dalian and soybean oil are quite weak this morning, whereas Ringgit surprised the market with RM3.89 against the US Dollar which so far it is the record low.
Plan A : Overnight seller hold on to position. Resistance is looking at 2042. Target is 2000.
Plan B : Intraday investor may sell if market could rebound and resist at 2042. Target is 2110 and 2000. Please do not sell too far from resistance. There is a trick to this trade. Email us at futures.coin@gmail.com
Plan C : Buyer may wait before opportunity jumps up. Stay put until further notice.
Plan D : Above 2040, do nothing.
Plan E : Below 2010, do nothing.
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*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.
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