11 June 2014

HSI Futures

U.S. stocks finished nearly flat on Tuesday, although the Dow eked out another record closing high as utilities' shares fell while 10-year bond yields hit their highest level in a month.

Hong Kong shares finished at their highest in more than five months on Tuesday, tracking strong gains in the mainland after China detailed which banks would benefit from a cut of required reserves ratios.

Plan A : Above 23265, do nothing
Plan B : Below 22997, do nothing
Plan C : Consider intraday sell if market fails to break above 23265 after a higher opening
Plan D : Cut above 23336
Plan E : Attempt buying if market dives but hold firmly above 22997 and triggers a buy again
Plan F : Cut below 22934


FKLI

Market broke away from its consolidation range and surged towards intraday high of 1879 with short sellers scrambling for the exit door.

Plan A : Attempt buying between 1870-1873
Plan B : Cut below 1867
Plan C : Intraday selling can be attempted if market fails to break above 1886
Plan D : Cut above 1892.5


FCPO

FCPO rebounded highest to 2416 yesterday and it started to tumble during the second session. Market was exerted with selling pressure and today it might gap down during opening as regional competitive substituents markets are trading at their negative zones.

Plan A : Overnight seller may hold on to position. Resistance is looking at 2404. Profit target is projecting at 2271.
Plan B : Fresh seller may sell at rebound if resistance at 2389 is not breached. Profit target is projecting at 2359 and 2343.
Plan C : Buyer should have exited yesterday as support at 2390's level is broken. If you have not, please exit today. Fresh buyer may stay out out market today.
Plan D : Above 2400, do nothing.
Plan E : Below 2350, 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