U.S. stocks rose for a third straight session on Tuesday, with the S&P 500 ending at a record close, after positive data on factory activity indicated economic growth was gaining traction following a harsh winter.
Hong Kong shares finished up 1.3 percent on Tuesday, as a surge in gambling stocks and a rally in Tencent drove the index to its highest close in more than three weeks.
Holding a long
Plan A : 22210-22504, do nothing
Plan B : Below 22210, liquidate
Plan C : Above 22504, consider taking profits first if it retrace after a higher opening
Plan D : Reinstate when it gets closer to the support line
Plan E : Selling can only be considered if market fails to break above 22472 and triggers a sell
Plan F : Cut above 22504
FKLI
FKLI continued to rally with market closing at day's high level. Successful breach and firm hold above 1852.5 today would present a chance for market to surge towards 1870 next
Plan A : Attempt long around 1844-1847
Plan B : Cut below 1841
Plan C : Selling can only be considered near 1870 level
Plan D : Cut above 1870
FCPO
Market continue to tumble down to low of 2610 at the eleventh hour. Competitive substituents are experiencing stunning upside early in the morning. Therefore, investor should expect gap up market in the morning.
Plan A : Overnight seller should exit when market stabilizes after the gap. Resistance at 2679. Support at 2635.
Plan B : Intraday investor could try to sell taking 2671 as resistance. Target profit looking at 2635.
Plan C : Buyer could make your entrance with support at 2635. Target profit looking at 2698.
Plan D : Above 2700, do nothing.
Plan E : Below 2620, 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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