U.S. stocks ticked lower on Wednesday following two sessions of strong gains as upbeat corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.
Hong Kong shares rose to their highest level in over a month Wednesday, in line with gains in most other Asian markets, supported by improved risk appetite and an overnight rally on Wall Street.
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Plan B : Below 24481, do nothing
Plan C : Attempt buying if market hold resiliently above 24525
Plan D : Cut below 24481
Plan E : Consider selling if market once again fails to breach above 24665
Plan F : Cut above 24700
FKLI
FKLI rallied in the morning, hitting its resistance level of 1773 before profit taking activities causes the market to close at 1764.5. Profit taking might continue today if FKLI were to trade below 1770.
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Plan B : Cut above 1773
Plan C : Attempt buying if market holds resiliently above 1762 and rebound
Plan D : Cut below 1759
FCPO
FCPO retraced during the earlier session on Wednesday but the rebound kicked-in and went to high of 2617 later afternoon. Dalian and soybean oil are positive while Ringgit stays strong at RM4.34 against the greenback.
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Plan B : Buy only if market retraced and supported above 2514. Targets are 2533, 2543 and 2560.
Plan C : Above 2543, no fresh position.
Plan D : Below 2514, 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.
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