U.S. stocks mostly rose on Wednesday after comments from Federal Reserve Chair Janet Yellen signaled continued support for the economy, but the Nasdaq fell for a second session as momentum names sold off.
Hong Kong shares finished down on Wednesday, as concerns about valuations of property and tech stocks hurt investor confidence after a U.S. tech sell-off.
Plan A : Above 21788, do nothing
Plan B : Below 21421, do nothing
Plan C : Consider selling if market rebounds but fails to break above 21788
Plan D : Cut above 21883
Plan E : Attempt buying if market holds firm above 21450 and triggers a buy
Plan F : Cut below 21421
FKLI
Market once again rebounded strongly after touching intraday low of 1839.5. Market stand a chance of rebounding further if it holds firm above 1852 today. A successful breach above 1861 could potentially bring a new rally to the market.
Plan A : Attempt buying near 1852-1854
Plan B : Cut below 1850
Plan C : Consider selling only if market fails to break above 1858 despite a strong regional markets
Plan D : Cut above 1861
FCPO
FCPO went through some listless trading yesterday. Down channel is still intact despite attempts to recover. Another day of range bound trading can be expected as long as it stays between 2558 and 2592
Plan A : Overnight sellers could hold on to their position as long as market stays below 2599. Profit target at 2528
Plan B : Intraday players can trade between 2558 and 2592
Plan C : Buyers may want to wait for market to find a bottom at 2528 before deciding to buy
Plan D : Above 2620, 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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