14 August 2014

HSI Futures

U.S. stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.

Hong Kong's benchmark share index finished at its highest in more than 3-1/2 years on Wednesday, rebounding from midday losses rooted in weak data that sparked worry about the sustainability of China's economic recovery. GDP figures for Germany, Euro-zone and also UK will be released today and tomorrow respectively.

Plan A : Above 24999, do nothing
Plan B : Below 24530, do nothing
Plan C : Consider intraday sell if market gaps up but fails to break above 24999
Plan D : Cut above 25186
Plan E : Attempt buying if market corrects but holds firm above 24662
Plan F : Cut below 24530


FKLI

Market did a remarkable recovery and closed at near day's high level of 1860. It must continue to hold firm above 1855 today if it were to convince buyers that market is back in the limelight.

Holding a long
Plan A : Between 1855-1871, do nothing
Plan B : Below 1855, liquidate
Plan C : Above 1871, consider taking profits first if it retrace after a higher opening
Plan D : Intraday sell can only be considered if market fails to break above 1871
Plan E : Cut above 1875


FCPO
FCPO rebounded to 2201 and it started to dive again to 2163 and closed at 2176 yesterday. Regional competitive substituents are trading down quite tremendously, therefore, investor might expect a gap down during opening hour. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2182. Target price is looking at 2137 and 2095.
Plan B : Intraday seller may attempt to sell if market could not break 2175. Target is 2137.
Plan C : Buyer may stay out today.
Plan D : Above 2190, do nothing.
Plan E : Below 2130, 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