12 November 2015

HSI Futures

U.S. stocks finished lower on Wednesday after investors sold oil companies and dumped brick-and-mortar retailers after a disappointing forecast from Macy's.

Hong Kong shares finished down on Wednesday as losses in financial and energy stocks undercut gains in Chinese social media and mobile technology firm Tencent .

Holding long
Plan A : 22230-22493, do nothing
Plan B : Below 22230, cut
Plan C : Above 22493, take profits if it could not sustain
Plan D : Consider selling if market fails to break above 22493 and triggers a sell
Plan E : Cut above 22493


FKLI

Market broke below several support levels yesterday and didn't managed to claw back up. FKLI is expected to be under pressure once again today as market sentiment turned bearish with lackluster trading generally. Failure to hold 1646 could spell more troubles to the buyers.

Plan A : Wait for rebound to sell, possibly around the 1664 level
Plan B : Cut above 1671
Plan C : Consider intraday buy if market dive towards 1646 and rebounds
Plan D : Cut below 1646


FCPO

FCPO was choppy on Wednesday with the trading and it eventually settled at 2330 for the day. Dalian and soybean oil are slightly insignificant while Ringgit is trading at RM4.36 against the US Dollar. Market is likely to consolidate before a breakout, therefore, investor may wait for market to exhibit the sign.

Plan A : Overnight seller hold on to position.Resistance is looking at 2354. Targets are 2303, 2278 and 2156.
Plan B : Sell if market could rebound and resist at 2344 or 2354. Targets are 2303 and 2278.
Plan C : Buy only if market stabilized above 2310 or 2323. Targets are 2344, 2354 and 2364.
Plan D : Above 2360, do nothing.
Plan E : Below 2310, 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.