U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies.
Hong Kong's benchmark index rose to a five-week closing high on Tuesday, helped by China Mobile after a broker upgrade pushed shares of the telecom giant to their highest since January.
Plan A : Below 22519, do nothing
Plan B : Above 22839, do nothing
Plan C : Consider selling if market gaps up but fails to break above 22839 and turn negative
Plan D : Cut above 22861
Plan E : Attempt buying if market holds stubbornly above 22519 and triggers a buy again
Plan F : Cut below 22519
FKLI
Market once again failed to break above 1886 and showed signs of tiredness in the afternoon session. Market could potentially continue with its minor correction with support seen at 1867
Holding a short
Plan A : 1867-1882 , do nothing
Plan B : Above 1882, cut
Plan C : Below 1867, consider taking profits if it gaps down and rebound
Plan D : Consider intraday buying only if it test and holds firmly above 1867
Plan E : Cut below 1862
FCPO
FCPO continue to record losses yesterday and it might not be surprised to see a gap down during opening as the competitive substituents are trading in negative zones.
Plan A : Overnight seller could hold on to position. Resistance is looking at 2552. Profit target is looking at 2474 and 2396.
Plan B : Intraday investor may sell at rebound, taking resistance at 2541. Profit target is looking at 2497 and 2474.
Plan C : Buyer may stay out.
Plan D : Above 2560, do nothing.
Plan E : Below 2490, 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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