Monday, October 24, 2016

25 October 2016

HSI Futures

The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market.

Hong Kong stocks firmed on Monday, led by buoyant mainland markets, but gains were capped by concerns over continued yuan weakness and the possibility of a U.S. rate hike in December.


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Plan A : Above 23800, do nothing
Plan B : Below 23459, do nothing
Plan C : Attempt buying if market corrects and holds firm above 23534
Plan D : Cut below 23459
Plan E : Consider selling if market opens gap up but fails to breach above 23800
Plan F : Cut above 23800


FKLI

Market rallied yesterday after breaching and hold firm above 1669. However, resistance at 1678 still proven to be a tough nut to crack. Market will have to break and hold resiliently above 1678 if it were to surge towards the 1700-level next.


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Plan A : Attempt buying as long as market stays firm above 1669
Plan B : Cut below 1667
Plan C : Consider intraday selling if market test 1678 once again and fails to breach through
Plan D : Cut above 1681


FCPO

FCPO spiked yesterday with almost 100 points daily range mainly contributed by the buying interest towards the second half. Dalian and soybean oil are performing strong while Ringgit stays at RM4.17 against the greenback.


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Plan A : Buy if market supported above 2808. Targets are 2821, 2842, 2854, 2885 and 2909.
Plan B : Sell if market rebounded and resisted around 2828. Targets are 2808, 2799 and 2789. 
Plan C : Above 2828, no fresh position.
Plan D : Below 2808, 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.   

2 comments:

  1. Axis Bank, Cipla and Dr Reddy posted marginal gain on Sensex, edging up by 1%, while Tata Steel, Gail and Hindustan Unilever slipped between 1%-3%.
    Capitalstars

    ReplyDelete

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