U.S. stocks ended higher on Friday in a late-day rebound as small-cap names edged up after recent weakness and consumer discretionary shares advanced.
Hong Kong's benchmark index produced its best week in more than eight months on Friday, although it finished slightly lower on the day due to consolidation in the financial and property sectors.
Holding a long
Plan A : 22367-22842, do nothing
Plan B : Below 22367, liquidate first
Plan C : Above 22842, consider taking profits first
Plan D : Consider turning sell only if market fails to break above 22584 and triggers a sell
Plan E : Cut above 22680
FKLI
Market successfully defended above 1872 before surging to close at day's high level last Friday. Market look likely to attempt breaking above its resistance level at 1884 today. Failure to do so might see more profit taking selling but buying support should be enough to keep market above 1772
Holding a long
Plan A : 1872-1884, do nothing
Plan B : Below 1872, liquidate first
Plan C : Above 1884, consider taking profits first
Plan D : Intraday selling can be considered if market fails to break above 1884
Plan E : Cut above 1886
FCPO
FCPO opened gap-down last week with continuous selling action from investor 'till closing. Competitive substituents resume with losses which may result in market gap down once again. Up-channel has vanished from the scene with previous market performance.
Plan A : Overnight buyer should have exited last week as support at 2591 is broken. If you have not, please exit by today.
Plan B : Seller may wan to sell at rebound if resistance at 2592 is intact. Target is looking at 2552 for intraday investor and 2497 for long term investor.
Plan C : Buyer may want to stay out today.
Plan D : Above 2600, do nothing.
Plan E : Below 2550, 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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