U.S. stocks rose on Wednesday, led by drug makers, while a Supreme Court ruling lifted the shares of major broadcasters.
The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid.
Plan A : Above 23026, do nothing
Plan B : Below 22747, do nothing
Plan C : Consider selling if market rebounds but fails to break above 23026
Plan D : Cut above 23112
Plan E : Attempt buying if market stands firm above 22919
Plan F : Cut below 22747
FKLI
Market went through some profit taking selling yesterday but still managed to close above 1886. Market might hover between 1880-1903.5 for the rest of the month, pending any surprises.
Holding a long
Plan A : 1880-1903.5, do nothing
Plan B : Below 1880, liquidate
Plan C : Above 1903.5, consider taking profits first
Plan D : Any selling would have to be intraday. Ie. sell if market fails to break above 1903.5
Plan E : Cut above 1907
FCPO
FCPO open high yesterday with second session market withdrew to 2481 at the very last minute. Market seems to stay positive as this stage as long as prices trading above support level.
Plan A : Overnight buyer may hold on to position. Support is looking at 2477 and profit target projection is at 2549 and 2639.
Plan B : Intraday trader could trade within range of 2481 to 2520.
Plan C : Buyer may accumulate buying position if market support at 2477.
Plan D : Above 2520, do nothing.
Plan E : Below 2470, 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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