Tuesday, April 22, 2014

23 April 2014

HSI Futures

U.S. stocks rose on Tuesday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixth straight advance.

Hong Kong shares edged lower on Tuesday, dragged down by losses in China Resources Power after Chinese authorities said they were probing the head of its parent group for corruption.

Holding a long
Plan A : 22584-23084, do nothing
Plan B : Below 22584, cut
Plan C : Above 23084, consider taking profits first if it loses steam after higher opening
Plan D : Consider turning short if it fails to break above 23084 and triggers a sell
Plan E : Cut above 23200


FKLI

FKLI continued its rally after a momentarily retracement to 1858.5. Market is expected to remain firm after succeeded in defending against any selling over the past few days. 

Plan A : Attempt long around 1861-1862
Plan B : Cut below 1853
Plan C : Consider intraday selling only if market make a sudden surge but fails to breach above 1889.5
Plan D : Cut above 1906


FCPO


FCPO went up to 2688 and closed high at 2683. Market has a chance to break through an uptrend if 2700 is breached. However, overall trend has formed an initial up-channel. 

Plan A : Overnight seller should have exited yesterday as 2660 is broken. If you haven't, please exit if market break 2700.
Plan B : Intraday investor could attempt to buy if market support at 2660. Target is 2744.
Plan C : Fresh seller could sell is 2700 is not broken. Only as intraday trade. Target is 2640.
Plan D : Above 2710, do nothing.
Plan E : Below 2630, 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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