U.S. stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate hike later this year.
Hong Kong stocks on Wednesday recouped some of the previous two day's losses, led by rises in shares of Chinese banks on hopes for reform of their shareholding structures.
Plan A : Above 26663, do nothing
Plan B : Below 26287, do nothing
Plan C : Attempt selling if market trades below 26427
Plan D : Cut above 26663
Plan E : Consider intraday buying only if market rebounds from 26287
Plan F : Cut below 26207
FKLI
Market showing signs of recovery but just not enough to confirm a buy reversal yet. Market must at least breach and stay firm above 1724.5 if it were to convince buyers that market is out from the bear trend. Failure to do so will probably lure in more sellers instead.
Plan A : Attempt selling if market fails to break above 1724.5
Plan B : Cut above 1732
Plan C : Consider intraday buy if market retrace but holds firmly above 1712.5
Plan D : Cut below 1707
FCPO
FCPO breached above 2300-level yesterday but failed to hold firm towards the last 10 minutes. Buyers will face some pressure in today's opening as bean and dalian performed relatively weak today. However, do not get over bearish as market is still consolidating within the range. Market seems to be finding a bottom and yet overall signal still a sell.
Plan A : Overnight bean buyer might want to do a temporary exit if market breaks below 2272
Plan B : Stay away from buying for now unless market holds firm above 2272 and rebound strongly
Plan C : Intraday selling can be considered if market rebounds but fails to break above 2295
Plan D : Cut above 2308
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*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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