22 April 2014

HSI Futures

U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.

China shares drifted lower on Monday, hit by concerns about a potential share oversupply after the securities regulator released draft prospectuses for 28 new companies planning to list. The Hong Kong stock exchange was closed on Monday for the Easter holiday.

Plan A : Above 22910, do nothing
Plan B : Below 22584, do nothing
Plan C : Attempt selling if market opens gap up but fails to break above 22910
Plan D : Cut above 23084
Plan E : Consider buying only if market holds firm above 22584 and triggers a buy
Plan F : Cut below 22584


FKLI

FKLI hold firm above 1852 and settled at 1861 despite failing to break above 1863.5. Market could consolidate a little if market still fails to break above 1863.5 today but any successful breach and firm stay above 1863.5 will likely see sellers covering their short and push the market higher.

Plan A : Consider intraday selling only if market fails to break above 1863.5
Plan B : Cut above 1867
Plan C : Attempt buying near 1854-1856 level if there's any pullback
Plan D : Cut below 1851


FCPO

FCPO was running on consolidation though with some sell signals in some longer term chart. Not seeing a trend at this moment and market might consolidate 'till the next break out. 

Plan A : Overnight seller may hold on to position unless 2660 is breached. Target 2599 and 2570.
Plan B : Intraday investor may try to range trade within 2610 to 2660.
Plan C : Long term buyer may stay out till the consolidation range narrow down to 20 to 30 points before reacting.
Plan D : Above 2670, do nothing.
Plan E : Below 2590, 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