26 October 2016

HSI Futures

U.S. stocks slipped from two-week highs on Tuesday as results and forecasts from companies in various sectors, including housing and consumer products, failed to live up to expectations.

Hong Kong shares ended slightly lower on Tuesday after mainland markets put up a lackluster performance and as investors were cautious about the increasing possibility of a U.S. interest rate increase in December.

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Plan A : Above 23692, do nothing
Plan B : Below 23534, do nothing
Plan C : Attempt buying if market holds firm above 23608
Plan D : Cut below 23534
Plan E : Consider selling if market gap up but fails to breach above 23692
Plan F : Cut above 23700


FKLI

Once again FKLI failed to breach above 1678 yesterday despite holding firm above 1671. Market is expected to face some profit taking today if it were to remain trading below 1678. Any breakdown below 1669 might pressure FKLI to the next support levels of 1663.

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Plan A : Attempt selling if market stays below 1675
Plan B : Cut above 1678
Plan C : Consider buying if market stays firm above 1669
Plan D : Cut below 1663


FCPO

FCPO lost its ground after failing to breach across 2822, market tumbled to 2756 at the final hour and settled at 2760. Dalian and soybean oil are mixed today while Ringgit stays at RM4.15 against the greenback.

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Plan A : Buy if market stabilized and supported above 2759. Targets are 2778, 2789 and 2800.
Plan B : Sell if market rebounded and resisted around 2792. Targets are 2775, 2768, 2756, 2736 and 2719.
Plan C : Above 2792, no fresh position.
Plan D : Below 2759, 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.