12 February 2016

HSI Futures

Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session.

Hong Kong shares plunged on Thursday led by mainland-related stocks, with the Hang Seng Index marking its worst daily performance since August as worries about the health of the global economy sparked a sell-off.

Plan A : Above 18590, do nothing
Plan B : Below 18270, do nothing
Plan C : Consider intraday buy if market holds firm and breach above 18460
Plan D : Cut below 18375
Plan E : Wait for rebound to sell, possibly around 18705 level
Plan F : Cut above 18800


FKLI

Despite successfully minimized its losses yesterday, FKLI is expected to face selling pressure once again today after a weak overnight Dow. Failure of market to hold firm above 1623 will see it heading towards 1616 next. 

Plan A : Attempt selling as long as market stays below 1632
Plan B : Cut above 1636
Plan C : Consider intraday long if market supports and rebounds from 1616
Plan D : Cut below 1608


FCPO

FCPO found its footing at 2570's level, it then once again triggering the top at 2600. Dalian remains closed today while overnight soybean oil traded positively strong. Ringgit vs U.S. Dollar weakened slightly, hovering around RM4.13 to RM4.16.

Plan A : If market opened gap-up, sell at any price above 2620's. Targets are 2604, 2596 and 2589.
Plan B : If market opened unchanged, buy if market retraced and formed a support level around 2589. Targets are 2604, 2614 and 2637.
Plan C : Sell if market rebounded and resisted around 2604 to 2610. Targets are 2586, 2577 and 2568.
Plan D : Below 2586, no fresh position.
Plan E : Above 2614, no fresh position. This does not apply to Plan A. 


*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.