U.S. stocks closed higher on Wednesday, fueled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought.
Hong Kong stocks held firm on Wednesday despite China's weak economic growth data, amid signs that Chinese mutual fund managers were raising billions of dollars as they sought bargains in the city.
Plan A : Above 27892, do nothing
Plan B : Below 27329, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 27688
Plan D : Cut above 27892
Plan E : Consider buying if market corrects but rebounds strongly above 27329
Plan F : Cut below 27329
FKLI
Market remained dicey for now after consolidating for the past few days. Range trading can be expected until there's a clearer market direction.
Plan A : Attempt buying if market holds firm above 1840
Plan B : Cut below 1832
Plan C : Intraday selling can be considered if market rebounds but fails to break above 1848
Plan D : Cut above 1855
FCPO
FCPO had a standstill yesterday before the switch month. Surge in Dalian and soybean oil markets caused higher opening this morning. Market closed the gap at 2170 yesterday and it is time to decide the whereabouts. Today is the first day of switch month, investor may encounter some market adjustment. Thus, be patient and wait 'till market stabilized.
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Plan A : Seller may wait for market to rebound and only sell when market exhausted. Resistance is 2197 and 2204. Target is 2153 and 2139.
Plan B : Intraday investor and buyer may buy if market could support above 2161 and 2153. Target is 2197, 2204 and 2250.
Plan C : Above 2210, do nothing.
Plan D : Below 2150, do nothing.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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