Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week.
Hong Kong stocks fell on Friday, dragged lower by financial shares and hit by a plunge in Chinese money inflows, after investors took profits from the previous day's jump triggered by the Federal Reserve's approach on raising U.S. rates.
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Plan A : Above 23810, do nothing
Plan B : Below 23540, do nothing
Plan C : Attempt selling if market stays below 23754
Plan D : Cut above 23810
Plan E : Consider buying if market gap down and rebound from 23540
Plan F : Cut below 23540
FKLI
FKLI were seen facing some profit taking activities last Friday after falling from an intraday high level of 1676.5. Market likely face selling pressure today especially if market were to stay below 1667. Buyers might want to consider placing a sell stop order below 1663 to avoid further plunge.
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Plan A : Attempt selling if market stays below 1667
Plan B : Cut above 1672
Plan C : Consider buying only if market stays resiliently above 1663
Plan D : Cut below 1658
FCPO
FCPO currently undergoing a very dicey situation where market attempted 2720s level four times and fails to breach and stay firm above it. A weak stay below 2681 would bring sense of market bearishness while a rally above 2722 would signal a bull. Hence, there will be a tug-of-war situation for now unless market take a clear break out from this range.
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Plan B : Sell if market resisted around 2691. Targets are 2681, 2666, 2655 and 2646.
Plan C : Above 2691, do nothing
Plan D : Below 2646, do nothing
*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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