24 June 2014

HSI Futures

U.S. stocks ended a quiet session on Monday essentially unchanged as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares.

Hong Kong's benchmark index had its worst day in more than three months on Monday, with a small morning gain on a good flash China PMI number wiped out by across-the-board tumbles in the afternoon that seemed to catch analysts off guard.

Plan A : Below 22747, do nothing
Plan B : Above 23112, do nothing
Plan C : Consider selling if market rebounds but fails to break above 23112
Plan D : Cut above 23198
Plan E : Intraday buying to be considered only if market stays firm above 22747 and triggers a buy on its 5 min chart
Plan F : Cut below 22747


FKLI

Market finally broke above 1886 but failed to close above it. Market will have to stand firm in order to avoid profit taking activities coming in. 

Plan A : Attempt buying between 1878-1880
Plan B : Cut below 1874
Plan C : Consider intraday selling if market fails to break above 1888
Plan D : Cut above 1892.5


FCPO

FCPO gaped up yesterday morning followed by another wave of upside as the regional competitive substituents continue to spike during the first session close of the market. Market seems to break through the cloud and resume with its second rally.

Plan A : Overnight buyer hold on to position, taking support at 2435 and target projection at 2549.
Plan B : Intraday buyer may buy if support at 2469 stayed. Profit target is looking at 2496.
Plan C : Seller may stay out unless market gap up to 2496 during opening. If not, stay out.
Plan D : Above 2500, do nothing.
Plan E : Below 2430, 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