HSI Futures
U.S. stocks lost more than 1 percent on Wednesday in the S&P 500's biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares.
Hong Kong shares finished slightly higher on Wednesday, erasing morning losses, following a rebound on mainland markets from the previous day's plunge.
Plan A : Above 23727, do nothing
Plan B : Below 23228, do nothing
Plan C : Consider selling if market rebounds but fails to break above 23657 and triggers a sell
Plan D : Cut above 23727
Plan E : Consider intraday buy if market holds firm above 23463 and triggers a buy
Plan F : Cut below 23228
FKLI
Market performed a remarkable rebound yesterday, gaining 30-points for the close. Market however, could be dragged by weak overnight Dow today. A lower opening can be expected with failure to hold above 1756 which potentially trigger more selling activities.
Plan A : Attempt selling if market fails to hold above 1756
Plan B : Cut above 1769
Plan C : Consider intraday buy if market dives towards 1724 but holds firm
Plan D : Cut below 1720
FCPO - Holding buy at 2165 (Support at 2157 and 2147)
FCPO moved right up after recorded the low at 2119 two days ago. Though market has shown buy signal at charts, an uptrend is yet to be confirmed unless resistances are breached. Otherwise, high possibility that market might jump back to consolidation range of 2100 to 2200.
Plan A : Seller may sell if market could not break 2189. Target is 2102.
Plan B : Overnight buyer may hold on unless support at 2161 is breached or market could not break 2189 and 2200. Target is 2225 and 2246.
Plan C : Above 2200, do nothing.
Plan D : Below 2160, 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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