27 March 2014

HSI Futures

U.S. stocks fell on Wednesday, led by losses in the technology and materials sectors, as geopolitical concerns rose after the United States and the European Union agreed to work together on tougher sanctions on Russia.

Hong Kong shares closed at a two-week high on Wednesday, buoyed by financial counters and strong gains from dairy giant China Mengniu on its earnings results.

Plan A : Above 22005, do nothing
Plan B : Below 21611, do nothing
Plan C : Consider selling if market opens higher but fails to break above 21999 and triggers a sell
Plan D : Cut above 22049
Plan E : Buying can only be considered if market corrects and holds firm above 21611
Plan F : Cut below 21575


FKLI

Market touched an intraday high of 1846.5 but failed to hold firm. Market look likely to face profit taking activities once again but fall could be cushioned ahead of Q1 book closing.

Plan A : Attempt selling between 1838-1840
Plan B : Cut above 1847
Plan C : Consider buying only if market retrace and holds firm above 1829
Plan D : Cut below 1824


FCPO

Market could not sustain with the gap up and it eventually slipped down in the second session. FCPO price remains at the selling zone with a higher low. Market might go through consolidation at this stage unless it breaks into new low.

Plan A : Overnight seller hold on to position unless resistance at 2719 is broken. Target is 2628 and 2599.
Plan B : Intraday investor may trade within the range of 2719 and 2680. 
Plan C : Long term buyer may need to wait unless market stabilizes at 2680's level. Place a stop.
Plan D : Below 2660, do nothing.
Plan E : Above 2730, 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