14 April 2016

HSI Futures

Wall Street rallied for a second straight day on Wednesday, led by gains in beaten-down financial shares after JP Morgan's quarterly results.

Hong Kong shares had their best day in two months on Wednesday, with resources shares leading main indexes up more than 3 percent to three-month highs after upbeat China trade data offered fresh signs of economic stability.

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Plan A : Above 21235, do nothing
Plan B : Below 20993, do nothing
Plan C : Consider intraday selling if market fails to break above 21235
Plan D : Cut above 21305
Plan E : Attempt buying if market corrects and holds firm above 21090
Plan F : Cut below 20993


FKLI

FKLI finally broke away from its consolidation range yesterday but still market was trading in a tight 8-points range. Market look likely to open higher today with buyers hoping to see market breaching and stay above 1727.5. Successful breach above this level would see more inflow of short covering activities.

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Plan A : Attempt buying if market corrects and holds firm above 1717.5
Plan B : Cut below 1714
Plan C : Consider intraday sell only if market fails to breach above 1727.5
Plan D : Cut above 1733.5


FCPO

Market gap up on Wednesday morning, however, it swiftly retraced after opening with some sell-off pressure. Dalian and soybean oil are hovering at positive region while Ringgit weakened against the U.S. Dollar at RM3.90.

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Plan A : Sell if market rebounded and resisted around 2673. Targets are 2650, 2631 and 2622. 
Plan B : Buy if market retraced and supported above 2650. Targets are 2667, 2685 and 2702.
Plan C : Above 2673, no fresh position.
Plan D : Below 2650, no fresh position.


*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.