U.S. stocks rose on Wednesday, with the S&P 500 ending at a record after the Federal Reserve hinted at a slightly faster pace of interest-rate increases starting next year but suggested rates in the long run would be lower than it had indicated previously.
Hong Kong shares finished a choppy session little changed on Wednesday, with turnover staying low as global markets brace for results from the U.S. Federal Reserve policy making meeting.
Plan A : Above 23279, do nothing
Plan B : Below 23094, do nothing
Plan C : Attempt intraday selling if market once again fails to break above 23279
Plan D : Cut above 23350
Plan E : Consider buying if market holds firm above 23094 and triggers a buy again
Plan F : Cut below 23094
FKLI
Another day of tight 4-points trading for FKLI yesterday. Market should be firmer today after a firm performance from overnight Dow. However, only a convincing break above 1880 would confirm a rally in the making. Otherwise, consolidation stage stays.
Plan A : Attempt buying between 1872-1874
Plan B : Cut below 1868
Plan C : Consider intraday sell if market fails to break above 1882
Plan D : Cut above 1886
FCPO
Market has moved on an up-channel and it might continue to move upwards today.
Plan A : Overnight buyer could hold on to position with support 2422. Profit target projection is at 2540 and 2633.
Plan B : Intraday investor could buy taking support at 2445. Profit is targeted at 2496.
Plan C : Seller may stay out today.
Plan D : Above 2500, do nothing.
Plan E : Below 2420, 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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