22 February 2016

HSI Futures

Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.

Hong Kong stocks tracked global markets lower on Friday as energy shares pulled back after an oil price rally paused, but for the week main indexes enjoyed their best performance in 10 months with gains of more than 5 percent.

Plan A : Above 19409, do nothing
Plan B : Below 19173, do nothing
Plan C : Attempt selling if market falls below 19249
Plan D : Cut above 19320
Plan E : Consider long if market stays firm above 19320
Plan F : Cut below 19249


FKLI

Market showed signs of weakness with it retracing after touching an intraday high of 1688 last Friday. Failure to close above 1678 sent signals of worries to the late buyers especially. Market must at least holds above 1671 level today if it were to remain firm.

Plan A : Attempt intraday selling if market trades below 1678
Plan B : Cut above 1682
Plan C : Consider buying if market corrects and rebound from 1671
Plan D : Cut below 1667


FCPO
FCPO halted its upside when it touched 2629, then it tumbled towards the final hour before closing and ended at day low. Dalian and soybean oil are slightly positive while Ringgit hovers around RM4.20 to RM4.21 against the greenback. To subscribe to our live signal, email to futures.coin@gmail.com for further detail.

Plan A : Sell if market rebounded and resisted around 2599. Targets are 2572, 2555 and 2540. 
Plan B : Wait for market to consolidate. Buy if market support above 2576. Targets are 2599, 2607, 2614, 2629 and 2648.
Plan C : Above 2629, no fresh position.
Plan D : Below 2576, no fresh position.  

 
*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.