Wednesday, April 23, 2014

24 April 2014

HSI Futures

U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.

Hong Kong stocks fell 1 percent on Wednesday, hurt by a sell-off in telecoms shares after the mainland's biggest carrier China Mobile posted its third straight quarterly decline in profits.

Plan A : Above 22851, do nothing
Plan B : Below 22367, do nothing
Plan C : Attempt selling if market surges but fails to break above 22851 and triggers a sell
Plan D : Cut above 22851
Plan E : Consider buying only if market corrects to around 22367 and holds firm before triggering a buy
Plan F : Cut below 22367


FKLI

Lack of buying momentum caused the market to lose steam towards the final hour of yesterday's market. Market however, will still be deemed as firm as long as it stays above 1852

Plan A : Attempt intraday selling if market fails to breach above 1865
Plan B : Cut above 1871
Plan C : Buy on dips, possibly around 1855-1858 level
Plan D : Cut below 1852

FCPO

Market went on correction yesterday to the low of 2647. Up-channel is still intact if the support  
at 2632 is not broken. Market might fall back to consolidation if support is breached.

Plan A : Long term buyer may try to buy around 2640's taking 2632 as support. Target is looking at 2744.
Plan B : Intraday investor could buy if 2632 is supported. Target is 2664 and 2692.
Plan C : Seller may want to stay out today.
Plan D : Above 2700, do nothing.
Plan E : Below 2610, 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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