26 February 2014

HSI Futures

U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.

Hong Kong shares reversed gains on Tuesday to end lower, tracking a sharp reversal in mainland markets, with investors still jittery over credit curbs on the property sector.

Plan A : Above 22585, do nothing
Plan B : Below 22202, do nothing
Plan C : Attempt selling if market opens higher but fails to break above 22585
Plan D : Cut above 22642
Plan E : Consider buying if market traded lower but holds firm above 22202 and triggers a buy
Plan F : Cut below 22202


FKLI

FKLI went through another day of range trading yesterday and it's expected to continue today. Firmer Ringgit helped holding the market up for now but supports could fade eventually if regional markets were to perform badly

Plan A : Attempt selling around the 1837 level if market opens little changed
Plan B : Cut above 1845
Plan C : Buying can be considered around 1829 level if market were to remain firm
Plan D : Cut below 1823


FCPO

FCPO touched its optimal height of 2755 yesterday and last minute closed low at 2734. Market is doing correction after a long bull ride. Export data from SGS and ITS does not really show significant figure marking themselves at up 3% and 1% respectively.

Plan A : Overnight seller continue to hold on to position. Resistance at 2749 and profit target looking at 2692.
Plan B : Intraday investor could try some selling at 2740's, taking resistance at 2749 and profit target at 2711.
Plan C : Buyer may want to avoid trading for the time being.
Plan D : Above 2750, do nothing.
Plan E : Below 2710, do nothing.


*Disclaimer: This information is intended to assist professional investors. 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