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Wednesday, December 31, 2014

Hong Kong Stock Market Report as on Thursday, January 01 2015


Hong Kong stocks ended the year with a modestly winning session Wednesday, after HSBC revised its Chinese manufacturing activity index for December slightly higher from an earlier reading. The Hang Seng Index closed 0.4% higher, capping an annual gain of 1.3%. Though mild, the yearly advance means the benchmark index has now risen for three straight years in a row. Hang Seng has crossed 23600 as RSI sustaining above 50 mark and on stochastic expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biassed in upcoming session.

TOP GAINERS
Name
Closing
Net Change
CHINA RESOURCES
16.240
+0.420 (+2.66%)
CHINA LIFE
30.450
+0.650 (+2.18%)
BANKCOMM
7.240
+0.150 (+2.12%)
BANK OF CHINA
4.370
+0.080 (+1.86%)
ICBC
5.660
+0.100 (+1.80%)

TOP LOSER
Name
Closing
Net Change
MTR CORPORATION
31.800
-0.350 (-1.09%)
TENCENT
112.500
-0.800 (-0.71%)
SANDS CHINA LTD
38.150
-0.250 (-0.65%)
CHINA UNICOM
10.400
-0.060 (-0.57%)
GALAXY ENT
43.650
-0.200 (-0.46%)

Most Active Volume
Name
Closing
% Change
BANK OF CHINA
4.370
272.20M
CCB
6.370
222.00M
ICBC
5.660
216.79M
SINOPEC CORP
6.250
39.21M
PETROCHINA
8.600
36.59M

Most Active Turnover
Name
Closing
% Change
CCB
6.370
1.41B
ICBC
5.660
1.22B
BANK OF CHINA
4.370
1.18B
PING AN
79.100
1.13B
TENCENT
112.500
1.06B

Technical Chart of Fosun Intl stock


Stock Pick for the day: Fosun Intl
Recommendation Buy
Target : 11 & 12
Recommended Price : 10.30
Stop Loss: 9.80

STOCK SUMMARY:-
Major trend of stock is bullish on chart. It has been trading with higher top and higher bottom formation on charts. It has shown small correction from its significance high and now it is trading with positive biasness with resistance of 50 DMA in last three trading session. We recommend the stock to buy if it manages to give closing above resistance of 50 DMA at 10.25. One can keep the stop loss of 9.80 support of 200 DMA at and stock is likely move north ward in upcoming session and targets of 11 & 12 can be seen in short term.

CHART FORMATION:-
Stock has given a small dip with formation of short term falling wedge on intra day chart. An appearance of moving average golden cross on hourly chart showing that momentum would be bullish in upcoming session we recommend to buy the stock on dip.
INDICATORS:-
MACD Line has crossed above its single line, which can bring upward momentum in the stock.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
On ADX there is a bullish crossover of positive DI and Negative DI and crossing of ADX above 25 can bring further buying in the stock.
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Location: Hong Kong

Thursday, December 25, 2014

Hong Kong Stock Market Analysis for December 24 2014 and Predictions for December 25 2014



The Hang Seng Index closed down 15 points at 23350.34 after first half trading. Market is likely to be bullish in upcoming session and Hang Seng Index have resistance at the level of 23500 and can take support of 23000. It is good buying opportunity on HSI if it crosses 23500 as RSI sustaining above 40 mark and on stochastic expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biassed in upcoming session.

TOP GAINERS
Name
Closing
% Change
GALAXY ENT
43.650
3.80%
SANDS CHINA LTD
38.500
3.08%
POWER ASSETS
75.000
1.97%
HK & CHINA GAS
17.580
1.85%
CLP HOLDINGS
67.450
1.58%

TOP LOSER
Name
Closing
% Change
PING AN
73.750
-3.09%
CHINA RES POWER
19.860
-1.68%
ICBC
5.460
-1.27%
CHINA LIFE
28.050
-1.23%
CHINA UNICOM
10.440
-1.14%

Most Active Volume
Name
Closing
% Change
ICBC
5.460
161.07M
BANK OF CHINA
4.210
131.44M
CCB
6.170
115.69M
SINOPEC CORP
6.240
40.91M
PETROCHINA
8.630
30.53M

Most Active Turnover
Name
Closing
% Change
PING AN
73.750
1.21B
ICBC
5.460
884.98M
TENCENT
112.700
730.95M
CCB
6.170
717.08M
BANK OF CHINA
4.210
556.08M



Stock Pick for the day: Fosun Intl



Recommendation Buy

Target : 11 & 12

Recommended Price : 10.30

Stop Loss: 9.80

STOCK SUMMARY:-
Major trend of stock is bullish on chart. It has been trading with higher top and higher bottom formation on charts. It has shown small correction from its significance high and now it is trading with positive biasness with resistance of 50 DMA in last three trading session. We recommend the stock to buy if it manages to give closing above resistance of 50 DMA at 10.25. One can keep the stop loss of 9.80 support of 200 DMA at and stock is likely move north ward in upcoming session and targets of 11 & 12 can be seen in short term.

CHART FORMATION:-
Stock has given a small dip with formation of short term falling wedge on intra day chart. An appearance of moving average golden cross on hourly chart showing that momentum would be bullish in upcoming session we recommend to buy the stock on dip.



INDICATORS:-
MACD Line has crossed above its single line, which can bring upward momentum in the stock.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
On ADX there is a bullish crossover of positive DI and Negative DI and crossing of ADX above 25 can bring further buying in the stock.
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Location: Hong Kong

Friday, December 5, 2014

GBP/JPY Technical Analysis



GBP/JPY is in uptrend & prices are sustaining on higher level. It is sustaining in a downward chanel ,which is expected to give a breakout upside. If GBP/JPY breaks the level of 188 it can come up to the levels of 188.28/50. RSI is also sustaining above the 50 level & showing strength to breaking it upside & indicating to continue its uptrend for today also. MACD line is sustaining above the Zero line & supporting the upside movement for next few sessions.

STRATERGY :- GBP/JPY is looking strong on charts. Indicators also supporting the same. One can go buy on dips strategy for this pair for intra day to mid term positions.

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Location: Hong Kong

Thursday, November 13, 2014

Hang Seng Stock Pick for the day: Shanghai Ind



Technical Chart

Recommendation Buy
Target : 26 & 28
Recommended Price : 24.20
Stop Loss: 23

STOCK SUMMARY:-
Major trend of stock is sideways on chart. It has traded in short term sideways trend with positive biasness with support of 50 DMA in last 3 weekly trading session. It has shown good accumulation and it has been showing a good accumulation at bottom with good volume. Now it is facing resistance at 24.20 We recommend the stock to buy the stock if it crosses its resistance of 24.20. One can keep the stop loss at 23 and stock is likely move north ward in upcoming session and targets of 26 & 27 can be seen in short term.

CHART FORMATION:-
Stock was forming symmetrical triangle with the support of 50 DMA on hourly chart and now it has give upside breakout from its upper resistance line and likely to show northward movement in upcoming session as it is forming symmetrical triangle.

INDICATORS:-
MACD Line is likely to cross its single line, which can bring upward momentum in the stock.
ADX is trading above 25 mark with positive DI placed above its negative DI showing.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
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Location: Hong Kong

Hang Seng Stock market Overview

Hong Kong Stock Exchange


Global stocks were mostly higher Thursday after Japan reported a surprise rise in machinery orders as investors looked ahead to the latest U.S. employment and retail sales data. China's Shanghai Composite Index fell 0.4 percent to 2,485.61. Hong Kong's Hang Seng rose 0.3 percent to 24,019.94.
Index is likely to be bullish in upcoming session and Index have resistance at the level of 24100 and can take support of 23600. It is good buying opportunity on index if it crosses 24100 as RSI sustaining above 40 mark and on MACD expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biassed in upcoming session.

TOP GAINERS
Name
Closing
% Change
GALAXY ENT
54.450
3.12%
TINGYI
19.220
3.11%
CATHAY PAC AIR
15.720
2.88%
HENGAN INT'L
82.000
2.82%
PING AN
60.550
2.02%

TOP LOSER
Name
Closing
% Change
PETROCHINA
8.830
-2.43%
MENGNIU DAIRY
29.800
-1.97%
KUNLUN ENERGY
9.330
-1.79%
CHINA RES LAND
17.120
-1.27%
CHINA SHENHUA
21.100
-1.17%

Most Active Volume
Name
Closing
% Change
BANK OF CHINA
3.860
605.65M
ICBC
5.110
354.01M
PETROCHINA
8.830
199.77M
CCB
5.770
190.49M
SINOPEC CORP
6.480
80.42M

Most Active Turnover
Name
Closing
% Change
TENCENT
129.500
6.77B
BANK OF CHINA
3.860
2.34B
HKEX
187.100
2.28B
ICBC
5.110
1.81B
PETROCHINA
8.830
1.77B


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Location: Hong Kong

Monday, November 10, 2014

Hong Kong Stock Market Overview and Stock pick of the day


Hong Kong rose after regulators said the exchange link between the city and Shanghai will start in a week, while the yuan strengthened. The Hang Seng Index advanced 0.8 percent to 23,744.70.
Index is likely to show volatile movement in upcoming session and Index have resistance at the level of 24100 and can take support of 23400. It is good buying opportunity on index with stop loss of 23400 as RSI sustaining above 40 mark and on MACD expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biassed in upcoming session.

TOP GAINERS
Name
Closing
% Change
HKEX
183.600
4.56%
CHINA RES POWER
21.550
3.11%
GALAXY ENT
51.050
1.2.92%
HENDERSON LAND
51.600
2.89%
LENOVO GROUP
10.520
2.53%

TOP LOSER
Name
Closing
% Change
CHINA RESOURCES
16.980
-5.14%
CHINA RES LAND
17.280
-4.11%
PING AN
59.700
-2.93%
MENGNIU DAIRY
30.900
-1.75%
COSCO PACIFIC
10.640
-1.12%

Most Active Volume
Name
Closing
% Change
BANK OF CHINA
3.690
507.10M
ICBC
5.050
333.07M
CCB
5.690
225.93M
SINOPEC CORP
6.450
106.21M
PETROCHINA
9.210
88.42M

Most Active Turnover
Name
Closing
% Change
HKEX
183.600
4.15B
TENCENT
125.700
2.68B
PING AN
59.700
2.52B
BANK OF CHINA
3.690
1.88B
CHINA MOBILE
96.500
1.76B



Stock Pick for the day: Shanghai Ind


Recommendation Buy
Target : 26 & 28
Recommended Price : 24.20
Stop Loss: 23

STOCK SUMMARY:-
Major trend of stock is sideways on chart. It has traded in short term sideways trend with positive biasness with support of 50 DMA in last 3 weekly trading session. It has shown good accumulation and it has been showing a good accumulation at bottom with good volume. Now it is facing resistance at 24.20 We recommend the stock to buy the stock if it crosses its resistance of 24.20. One can keep the stop loss at 23 and stock is likely move north ward in upcoming session and targets of 26 & 27 can be seen in short term.

CHART FORMATION:-
Stock was forming symmetrical triangle with the support of 50 DMA on hourly chart and now it has give upside breakout from its upper resistance line and likely to show northward movement in upcoming session as it is forming symmetrical triangle.

INDICATORS:-
MACD Line is likely to cross its single line, which can bring upward momentum in the stock.
ADX is trading above 25 mark with positive DI placed above its negative DI showing.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
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Location: Hong Kong

Friday, November 7, 2014

Hang Seng Stock Market Overview


Market Overview:-

Hong Kong shares ended lower after a volatile session on Friday, pressured by profit taking and concerns over the status of a cross border stock trading scheme. The Hang Seng Index unofficially closed down 0.4 per cent at 23,550.24 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong fell 0.3 per cent.

Index is likely to show volatile movement in upcoming session and Index have resistance at the level of 24000 and can take support of 23300. It is good buying opportunity on index with stop loss of 23300 as RSI sustaining above 40 mark and on MACD expanding of bullish gap showing that momentum can gain more strength in upcoming session and index would be on positive biased in upcoming session.

TOP GAINERS
Name
Closing
% Change
SANDS CHINA LTD
44.250
+1.100 (+2.55%)
HKEX
175.600
+3.400 (+1.97%)
SINO LAND
12.560
+0.140 (+1.13%)
GALAXY ENT
49.600
+0.400 (+0.81%)
CHINA RESOURCES
17.900
+0.080 (+0.45%)
TOP LOSER
Name
Closing
% Change
LENOVO GROUP
10.260
-0.520 (-4.82%)
MENGNIU DAIRY
31.450
-1.550 (-4.70%)
CHINA RES POWER
20.900
-0.600 (-2.79%)
HENDERSON LAND
50.150
-1.000 (-1.96%)
POWER ASSETS
73.750
-1.400 (-1.86%)
Most Active Volume
Name
Closing
% Change
BANK OF CHINA
3.690
208.29M
CCB
5.650
252.73M
ICBC
5.000
219.52M
LENOVO GROUP
10.260
146.86M
PETROCHINA
9.180
114.56M
Most Active Turnover
Name
Closing
% Change
HKEX
175.600
2.64B
TENCENT
123.100
1.90B
LENOVO GROUP
10.260
1.51B
CCB
5.650
1.43B
CHINA MOBILE
96.500
1.30B



Stock Pick for the day: China gas Hold

Recommendation Buy
Target : 15 & 16
Recommended Price : 14
Stop Loss: 13
STOCK SUMMARY:-
Major trend of stock is sideways on chart. It has traded in short term sideways trend with positive biasness with support of 50 DMA in last 3 weekly trading session. It has shown good accumulation and it has been showing a good accumulation at bottom with good volume. Now it is facing resistance at 13.90 We recommend the stock to buy the stock if it crosses its resistance of 13.70. One can keep the stop loss at 13 and stock is likely move north ward in upcoming session and targets of 15 & 16 can be seen in short term,

CHART FORMATION:-
Stock was forming symmetrical triangle with the support of 50 DMA on hourly chart and now it has give upside breakout from its upper resistance line and likely to show northward movement in upcoming session as it is forming symmetrical triangle.

Click to enlarge


INDICATORS:-
MACD Line is likely to cross its single line, which can bring upward momentum in the stock.
ADX is trading above 25 mark with positive DI placed above its negative DI showing.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
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Location: Hong Kong

Tuesday, October 28, 2014

Stock Pick for the day: China gas Hold

Stock pick of the day


Recommendation Buy
Target : 15 & 16
Recommended Price : 13.70
Stop Loss: 13
 
STOCK SUMMARY:-
Major trend of stock is sideways on chart. It has traded in short term sideways trend with positive biasness with support of 50 DMA in last 3 weekly trading session. It has shown good accumulation and it has been showing a good accumulation at bottom with good volume. Now it is facing resistance at 13.70 We recommend the stock to buy the stock if it crosses its resistance of 13.70. One can keep the stop loss at 13 and stock is likely move north ward in upcoming session and targets of 15 & 16 can be seen in short term, 


 
CHART FORMATION:-
Stock was forming symmetrical triangle with the support of 50 DMA on hourly chart and now it has give upside breakout from its upper resistance line and likely to show northward movement in upcoming session as it is forming symmetrical triangle.
Technical Chart

INDICATORS:-
MACD Line is likely to cross its single line, which can bring upward momentum in the stock.
ADX is trading above 25 mark with positive DI placed above its negative DI showing.
RSI is trading above 50 mark showing that stock may remain bullish in upcoming session.
Posted by at No comments:
Labels: ,
Location: Hong Kong
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