U.S. stocks ended higher on Tuesday, rebounding from a two-day decline as the hard-hit biotechnology sector regained its momentum and a strong read on consumer confidence increased optimism about the economy.
Hong Kong shares ended down on Tuesday, as investors locked in recent gains ahead of earnings results from Chinese banks later this week, with the index dragged down by heavyweight Tencent.
Holding a long
Plan A : 21575-21999, do nothing
Plan B : Below 21575, liquidate position first
Plan C : Above 21999, consider taking profits first if market retrace after a higher opening
Plan D : Consider selling if market once again fails to break above 21868 and triggers a sell
Plan E : Cut above 21868
FKLI
FKLI seen to be supported well and ready for a rally as long as it stays firm above 1834 today
Plan A : Attempt buying around 1831-1833
Plan B : Cut below 1827
Plan C : Intraday selling can only be considered if market surge towards 1845 but fails to breach through
Plan D : Cut above 1847
FCPO
Market rebounded to the high of 2720 and closed at 2711. Yesterday FCPO was more of a range trade. Today market might gap up in the morning due to the strong upside from the competitive substituent markets.
Plan A : Overnight seller might want to give way today if 2736 is broken.
Plan B : Long term and intraday investor could try some buying if market form a support at 2719. Target price looking at 2760 and 2799.
Plan C : Trader could also sell if market gap up around 2740's level during opening. Target profit looking at 2710's level.
Plan D : Above 2760, do nothing.
Plan E : Below 2700, 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
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