10 December 2014

HSI Futures

The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares.

Hong Kong shares fell on Tuesday hit by profit-taking and a slump in Chinese stocks after a two-week rally on the mainland.

Plan A : Above 23844, do nothing
Plan B : Below 23384, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23727
Plan D : Cut above 23866
Plan E : Consider intraday buy if market holds firm above 23384
Plan F : Cut below 23228


FKLI

Market attempted to look for a bottom after rebounding from an intraday low of 1724 yesterday. It must continue to hold firm above 1724 and possibly staying resilient above 1732 as well if it were to convince buyers to come in. Failure to do so will see a continuation of selling.

Plan A : Consider intraday buy if market were to retrace but hold firmly above 1724
Plan B : Cut below 1720
Plan C : Attempt selling if market rebounds but fails to break above 1736
Plan D : Cut above 1742


FCPO

FCPO opened gap-down in the morning and it swiftly rebounded to day high during the opening hour yesterday. However, market faded its victory and dropped back to its previous consolidation range and awaiting for a break down.

Plan A : Overnight seller hold on to position. Resistance is 2147. Target is 2102 and 2083.
Plan B : Intraday investor may sell if market could not breach resistance at 2147. Target is 2102.
Plan C : Buyer stay out of market today.
Plan D : Above 2150, do nothing.
Plan E : Below 2120, 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