The S&P 500 index climbed to its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy shrank in the first quarter and bet on improvement in the second quarter.
Hong Kong shares finished lower on Thursday, as gains from a stronger Chinese insurance sector narrowed in the afternoon and were outweighed by weaker index heavyweight Tencent. Hong Kong market will be close on Monday for Tuen Ng Festival.
Plan A : Above 23079, do nothing
Plan B : Below 22758, do nothing
Plan C : Attempt selling if market fails to break above 23079 and triggers a sell
Plan D : Cut above 23079
Plan E : Consider buying if market holds firm above 22758 and triggers a buy
Plan F : Cut below 22758
FKLI
Market surprised everyone especially the sellers as it surged towards the 1880 level. Market look set for a firm May close with sellers scrambling for the exit door
Plan A : Attempt buying near 1874
Plan B : Cut below 1872
Plan C : Consider intraday selling only if market fails to break above 1886
Plan D : Cut above 1892
FCPO
FCPO has finally chosen its path to walk down the stair yesterday. This confirms the head and shoulder formation and it may even tumble further before a rebound could take place.
Plan A : Overnight seller could hold on to position. Resistance is at 2487. Profit target projection is at 2389.
Plan B : Seller could sell at rebound if resistance at 2474 is not broken. Target price is looking at 2434 and 2410. May hold overnight if market close below 2461.
Plan C : Above 2510, do nothing.
Plan D : Below 2410, do nothing.
Plan E : Buyer may stay out.
*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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