Stock pick of the day : China Unicom

Stock pick of the day China Unicom

Recommendation Buy

Target : 15 & 16

Recommended Price : 13.50

Stop Loss: 13

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STOCK SUMMARY:-

Major trend of is bullish on chart. It has been trading with higher top and higher bottom formation with positive biasness . It has shown small correction from its significance high and it is likely to bounc back from lower level in upcoming trading session. We recommend the stock to buy on deep and stock is likely continue north ward movement in upcoming session. One can initiate long position in the stock at recommended level of 51.60 and can expect the targets of 15 & 16 in short term, while support of 50 DMA at 13 on hourly chart can act at stop loss.

CHART FORMATION:-

Stock is forming higher top and higher bottom and appearance of golden cross showing that momentum in the stock may remain positive and likely to show northward movement on the breakout of upper resistance level.

INDICATORS:-

MACD Line is likely to cross its single line, which can bring upward momentum in the stock.

RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.

Top gainer and top losers of Hong Kong stock market

Top gainer and top losers  of Hong Kong stock Market

TOP GAINERS

Name	Closing	% Change
HENDERSON LAND	53.500	4.09%
MENGNIU DAIRY	38.000	2.01%
CHINA MOBILE	94.850	1.28%
CHINA RESOURCES	21.200	1.19%
CHINA RES POWER	23.950	1.06%

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TOP LOSER

Name	Closing	% Change
WANT WANT CHINA	10.140	-2.12%
HK & CHINA GAS	17.880	-2.08%
MTR CORPORATION	31.000	-1.90%
COSCO PACIFIC	11.160	-1.76%
HENGAN INT'L	82.300	-1.61%

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.640	320.14M
ICBC	5.200	181.19M
CCB	5.840	163.55M
SINOPEC CORP	7.880	120.21M
PETROCHINA	11.280	109.69M

Most Active Turnover

Name	Closing	% Change
CHINA MOBILE	94.850	2.00B
TENCENT	128.400	1.79B
HKEX	177.600	1.32B
CITIC PACIFIC	15.000	1.26B
PETROCHINA	11.280	1.24B

Hong Kong stock market overview

Hong Kong Stock Market Overview

Hong Kong stocks ended 0.62 per cent lower Wednesday, reversing earlier gains, as profit-takers cashed in after the market hit a six-year high at the start of the week.

Hang Seng Index eased 155.75 points to 24,918.75 on turnover of HK$67.56 billion (US$8.72 billion)

Hong Kong stock market maintained its upward momentum and Hang Seng index saw the year high of 25,243, however the MACDs appeared bearish gap again, showing that momentum was still weak. 

The Hang Seng Index is expected to trade at 25,000 to 25,500. Hang Seng index first support would be 15DMA (24,985), while next support would be 24,000.

For resistance, year high of 25,243 become first resistance, while next resistance would be seen at 25,500.

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Stock pick of the day : China Unicom

Recommendation Buy

Target : 15 & 16

Recommended Price : 13.50

Stop Loss: 13

STOCK SUMMARY:-

Major trend of is bullish on chart. It has been trading with higher top and higher bottom formation with positive biasness . It has shown small correction from its significance high and it is likely to bounc back from lower level in upcoming trading session. We recommend the stock to buy on deep and stock is likely continue north ward movement in upcoming session. One can initiate long position in the stock at recommended level of 51.60 and can expect the targets of 15 & 16 in short term, while support of 50 DMA at 13 on hourly chart can act at stop loss.

CHART FORMATION:-

Stock is forming higher top and higher bottom and appearance of golden cross showing that momentum in the stock may remain positive and likely to show northward movement on the breakout of upper resistance level.

INDICATORS:-

MACD Line is likely to cross its single line, which can bring upward momentum in the stock.

RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.
On ADX positive DI Placed above negative DI and ADX is about to give breakout from 25 mark.

Top Gainers and top losers of Hong Kong stock market

TOP GAINERS

Name	Closing	% Change
HENDERSON LAND	53.500	4.09%
MENGNIU DAIRY	38.000	2.01%
CHINA MOBILE	94.850	1.28%
CHINA RESOURCES	21.200	1.19%
CHINA RES POWER	23.950	1.06%

TOP LOSER

Name	Closing	% Change
WANT WANT CHINA	10.140	-2.12%
HK & CHINA GAS	17.880	-2.08%
MTR CORPORATION	31.000	-1.90%
COSCO PACIFIC	11.160	-1.76%
HENGAN INT'L	82.300	-1.61%

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.640	320.14M
ICBC	5.200	181.19M
CCB	5.840	163.55M
SINOPEC CORP	7.880	120.21M
PETROCHINA	11.280	109.69M

Most Active Turnover

Name	Closing	% Change
CHINA MOBILE	94.850	2.00B
TENCENT	128.400	1.79B
HKEX	177.600	1.32B
CITIC PACIFIC	15.000	1.26B
PETROCHINA	11.280	1.24B

Hong Kong Market Overview

Hong Kong stocks ended 0.62 per cent lower Wednesday, reversing earlier gains, as profit-takers cashed in after the market hit a six-year high at the start of the week. 

Hang Seng Index eased 155.75 points to 24,918.75 on turnover of HK$67.56 billion (US$8.72 billion)

Hong Kong stock market maintained its upward momentum and Hang Seng index saw the year high of 25,243, however the MACDs appeared bearish gap again, showing that momentum was still weak. 

The Hang Seng Index is expected to trade at 25,000 to 25,500. Hang Seng index first support would be 15DMA (24,985), while next support would be 24,000. For resistance, year high of 25,243 become first resistance, while next resistance would be seen at 25,500.

GAC group : Stock pick of the day

Recommendation : Buy

Target : 9.50 & 10

Recommended Price : 8.90

Stop Loss: 8.50

免费 3 天 股票 挑 试用 点击 这里

STOCK SUMMARY:-

Major trend of is bullish on chart. It has been trading side ways range with positive biasness . It has been trading in short term correction phase during last trading session. It has give closing on positive note today after 3 days consecutive loss. We recommend the stock to buy on deep and stock is likely showed north ward movement in upcoming session. One can initiate long position in the stock at recommended level of 8.90 and can expect the targets of 9.50 & 10 in short term, while support of 50 DMA at 8.50 on hourly chart can act at stop loss.

CHART FORMATION:-

Stock was in falling wedge and it has given closing above upper resistance line and now forming ascending triangle pattern and it has been trading with support of support of 50 DMA. Appearance of golden cross showing that momentum in the stock may remain positive and likely to show northward movement on the breakout of upper resistance level.

INDICATORS:-

MACD Line is likely to cross its single line, which can bring upward momentum in the stock.

RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.
On ADX positive DI Placed above negative DI and ADX is about to give breakout from 25 mark.

Top Gainers and Losers of Hang Seng Index

TOP GAINERS

Name	Closing	% Change
HANG LUNG PPT	25.450	3.24%
PING AN	65.750	1.94%
SINOPEC CORP	7.710	1.58%
HK & CHINA GAS	18.340	1.55%
BANKCOMM	5.760	1.41%

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TOP LOSER

Name	Closing	% Change
CHINA RESOURCES	21.950	-5.59%
LI & FUNG	10.000	-4.58%
CITIC PACIFIC	15.840	-1.86%
SINO LAND	13.860	-1.56%
HENDERSON LAND	50.700	-0.98%

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.670	251.29M
ICBC	5.220	147.66M
CCB	5.890	130.48M
SINOPEC CORP	7.710	76.48M
LI & FUNG	10.000	67.72M

Most Active Turnover

Name	Closing	% Change
TENCENT	130.700	1.64B
CHINA MOBILE	95.000	1.63B
PING AN	65.750	1.11B
HSBC HOLDINGS	83.200	1.01B
BANK OF CHINA	3.670	920.63M

Hang Seng Index : Overview

Hang Seng Index Overview

Most Asian stock markets pushed higher Friday after a record day on Wall Street powered by upbeat data that added to evidence the world's biggest economy is gaining strength.

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The Hang Seng Index in Hong Kong climbed 0.47% to 25,112 as it neared the six-year high set on Wednesday.

Technically, Hang Seng index is looking very strong on chart and it may rally to 30,000 points if it holds above 25,000 this week, couple with appearance of MACDs bullish gap, showing momentum can be strong.

Hang Seng index first support would be 24800, while next support would be seen at 24600. For resistance 25300 become first resistance, while next resistance would be seen at 30,000.   

Stock Pick for the day: GAC GROUP

Stock pick of the day

Recommendation Buy

Target : 9.50 & 10

Recommended Price : 8.90

Stop Loss: 8.50

STOCK SUMMARY:-

Major trend of is bullish on chart. It has been trading side ways range with positive biasness . It has been trading in short term correction phase during last trading session. It has give closing on positive note today after 3 days consecutive loss. We recommend the stock to buy on deep and stock is likely showed north ward movement in upcoming session. One can initiate long position in the stock at recommended level of 8.90 and can expect the targets of 9.50 & 10 in short term, while support of 50 DMA at 8.50 on hourly chart can act at stop loss.

CHART FORMATION:-

Stock was in falling wedge and it has given closing above upper resistance line and now forming ascending triangle pattern and it has been trading with support of support of 50 DMA. Appearance of golden cross showing that momentum in the stock may remain positive and likely to show northward movement on the breakout of upper resistance level.

Bulls and bears of Hong Kong Stock market

Top gainers and top losers of Hong Kong Stock Exchange

TOP GAINERS

Name	Closing	% Change
HANG LUNG PPT	24.650	3.35%
HK & CHINA GAS	18.360	3.15%
BOC HONG KONG	26.000	2.97%
SINO LAND	14.000	2.79%
WHARF HOLDINGS	61.450	2.76%

TOP LOSER

Name	Closing	% Change
LENOVO GROUP	11.660	-2.83%
CNOOC	15.160	-1.56%
CHINA UNICOM	13.220	-1.49%
MENGNIU DAIRY	38.000	-1.43%
COSCO PACIFIC	11.500	-1.20%

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.670	257.82M
CCB	5.880	118.02M
ICBC	5.220	111.16M
CNOOC	15.160	71.57M
SINOPEC CORP	7.650	61.46M

Most Active Turnover

Name	Closing	% Change
TENCENT	131.900	2.26B
CHINA MOBILE	94.700	2.22B
BOC HONG KONG	26.000	1.30B
HKEX	184.500	1.20B
HUTCHISON	106.100	1.13B

Hang Seng Stock Market Overview

Hong Kong Stock market Overview

Hong Kong Index rose to a record, rebounding 21 percent from a February low, Today it today extended gains by 0.2 percent to 25,159.76 after closing at its highest in six years yesterday.   

Stocks found some support on positive earnings results from index majors and strong performance in offshore equity markets.

Technically, Hang Seng index is looking very strong on chart and it may rally to 30,000 points if it holds above 25,000 this week, couple with appearance of MACDs bullish gap, showing momentum can be strong.

Hang Seng index first support would be 24800, while next support would be seen at 24600. For resistance 25300 become first resistance, while next resistance would be seen at 30,000.

免费 3 天 股票 挑 试用 点击 这里

Stock Pick of the day : GAC GROUP

Recommendation : Buy

Target : 9.50 & 10

Recommended Price : 8.90

Stop Loss: 8.50

STOCK SUMMARY:-

Major trend of is bullish on chart. It has been trading side ways range with positive biasness . It has been trading in short term correction phase during last trading session. It has give closing on positive note today after 3 days consecutive loss. We recommend the stock to buy on deep and stock is likely showed north ward movement in upcoming session. One can initiate long position in the stock at recommended level of 8.90 and can expect the targets of 9.50 & 10 in short term, while support of 50 DMA at 8.50 on hourly chart can act at stop loss.

CHART FORMATION:-

Stock was in falling wedge and it has given closing above upper resistance line and now forming ascending triangle pattern and it has been trading with support of support of 50 DMA. Appearance of golden cross showing that momentum in the stock may remain positive and likely to show northward movement on the breakout of upper resistance level.

INDICATORS:-

MACD Line is likely to cross its single line, which can bring upward momentum in the stock.

RSI is also trading above 50 mark on daily charts and showing conversion with prize trend.
On ADX positive DI Placed above negative DI and ADX is about to give breakout from 25 mark.

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Top Gainers and Losers of Hong Kong Stock Market, Tuesday, August 19 2014

TOP GAINERS

Name	Closing	% Change
CHINA RES LAND	18.180	7.57%
GALAXY ENT	61.900	3.43%
LENOVO GROUP	12.000	2.74%
CHINA RES POWER	22.750	2.48%
HK & CHINA GAS	17.800	2.18%

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TOP LOSER

Name	Closing	% Change
KUNLUN ENERGY	12.800	-2.44%
COSCO PACIFIC	11.640	-1.19%
HENGAN INT'L	84.350	-1.00%
CITIC PACIFIC	16.500	-0.96%
TINGYI	22.750	-0.66%

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.680	257.58M
CCB	5.880	178.71M
CNOOC	15.400	177.54M
ICBC	5.240	172.72M
SINOPEC CORP	7.680	76.22M

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Most Active Turnover

Name	Closing	% Change
CHINA MOBILE	95.800	3.11B
CNOOC	15.400	2.75B
TENCENT	129.800	2.21B
GALAXY ENT	61.900	1.12B
HSBC HOLDINGS	83.750	1.06B