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, 

 免费 3 天 股票 挑 试用 点击 这里 

 

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.

Hong Kong stock market Overvew

 

Hong Kong Stock Exchange

Hong Kong stocks rose on Tuesday, underpinned by expectations for a slower pace of U.S. interest rate rises and more reforms at Chinese state-owned enterprises. The Hang Seng Index unofficially closed up 1.6 percent at 23,520.36 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 2.3 percent. Index chalked up its biggest daily gains since Sept 3. 

 免费 3 天 股票 挑 试用 点击 这里 

Index is likely to be bullish in upcoming session and Index resistance at the level of 23500 and can take support of 23200. RSI too 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
BELLE INT'L	9.320	9.91%
PING AN	60.950	3.22%
CHINA SHENHUA	21.250	3.16%
KUNLUN ENERGY	10.320	2.99%
CHINA MOBILE	91.450	2.81%

 

TOP LOSER

Name	Closing	% Change
HENGAN INT'L	76.850	-1.29%
COSCO PACIFIC	10.120	-0.59%
SWIRE PACIFIC A	101.100	-0.49%
LI & FUNG	9.230	-0.32%

 

Most Active Volume

Name	Closing	% Change
BANK OF CHINA	3.680	487.58M
ICBC	5.050	299.14M
CCB	5.690	275.41M
SINOPEC CORP	6.660	127.03M
PETROCHINA	9.570	90.66M

 

Most Active Turnover

Name	Closing	% Change
BANK OF CHINA	3.680	1.77B
HKEX	169.200	1.62B
CCB	5.690	1.56B
ICBC	5.050	1.50B
CHINA MOBILE	91.450	1.50B

Hang Seng Stock market Overview

Hong Kong stocks continued their recovery on Tuesday, rising for a third straight session, as sentiment improved since pro-democracy protesters in the territory continued to shrink in number. The benchmark Hang Seng Index HSI, closed up 0.5%, as banks and property developers with strong exposure to the territory were mixed.

Index is likely to show upside movement in upcoming session as Index today managed to sustain above its psychological support mark of 23000 and closed above its 50 DMA on intraday chart. In upcoming session it can continue its recovery if it manages to give closing above 23400. RSI too bounce back from oversold zone and appearance of bullish cross over on MACD can bring further northward momentum in upcoming session. For down side, index can hold the psychological support of 23000, while next support would be seen at 22700.

 免费 3 天 股票 挑 试用 点击 这里

TOP GAINERS

Name	Closing	% Change
CLP HOLDINGS	63.550	1.36%
CHEUNG KONG	132.500	1.14%
SHK PPT	112.400	0.63%
HANG SENG BANK	126.900	0.56%
CHINA UNICOM	11.560	0.52%

TOP LOSER

Name	Closing	% Change
TINGYI	20.200	-1.94%
CHINA OVERSEAS	20.950	-1.87%
BELLE INT'L	8.560	-1.72%
MENGNIU DAIRY	32.100	-1.68%
LENOVO GROUP	11.600	-1.53%

Most Active Volume

Name	Closing	% Change
CCB	5.500	27.90M
ICBC	4.910	23.79M
BANK OF CHINA	3.500	18.18M
SINOPEC CORP	6.740	10.67M
LENOVO GROUP	11.600	6.91M

Most Active Turnover

Name	Closing	% Change
CHINA MOBILE	91.200	508.61M
GALAXY ENT	48.100	246.06M
TENCENT	119.100	215.97M
AIA	40.750	203.67M
HSBC HOLDINGS	78.950	176.56M

Stock Pick for the day: Lenovo Group

Recommendation Buy

Target : 12.70 & 13.20

Recommended Price : 12.10

Stop Loss: 11.70

STOCK SUMMARY:-

Major trend of stock is upward on chart. It has traded in short term down trend in last 2 weekly trading session. Now It has been showing a good bounce back from bottom with good volume. Now it is facing resistance at 12.100. We recommend the stock to buy the stock if it crosses its resistance of 12.100. One can keep the stop loss at 11.70 and stock is likely move north ward in upcoming session as it has taken support of 50 on daily chart and targets of 12.70 & 13 .20 can be seen in short term,

CHART FORMATION:-

Stock was forming descending wedge with the resistance of 50 DMA and 200 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 inverse head and shoulder.

INDICATORS:-

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

RSI is also trading above 40 mark on daily charts and showing conversion with prize trend.

On ADX positive DI Placed above negative DI and expanding of bullish gap can take ADX above 25 mark.

Stock Pick for the day: Lenovo Group

Stock pick of the day

Recommendation Buy

Target : 12.50 & 13

Recommended Price : 11.80

Stop Loss: 11.50

STOCK SUMMARY:-

Major trend of stock is upward on chart. It has traded in short term 

down trend in last 2 weekly trading session. Now It has been 

showing a good bounce back from bottom with good volume. Now 

it is facing resistance at 11.80. We recommend the stock to buy the 

stock if it crosses its resistance of 11.80. One can keep the stop loss 

at 11.50 and stock is likely move north ward in upcoming session 

as it has taken support of 50 on daily chart and targets of 12.50 & 

13 can be seen in short term,

CHART FORMATION:-

Stock was forming descending wedge with the resistance of 50 

DMA and 200 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 inverse 

head and shoulder.

INDICATORS:-

MACD Line is likely to cross its single line, which can bring 

upward momentum in the stock.

RSI is also trading above 40 mark on daily charts and showing 

conversion with prize trend.

On ADX positive DI Placed above negative DI and expanding of 

bullish gap can take ADX above 25 mark.

Hong Kong stock market overview

Hang Seng Stock market

Hong Kong stocks rose, with the benchmark index rising the most in a month, as pro-democracy protesters cleared some barricades after starting talks with officials. The Hang Seng Index increased 1.1 percent to 23,315.04 at the close in Hong Kong after falling as much as 0.3 percent.

Index is likely to trade with positive biased after good bounce back rally of todays trading session with increased volume. Index today tested its major resistance mark of 23400 and closed above its 50 DMA on intraday chart. In upcoming session it can continue its recovery if it manages to give closing above 23400. RSI too bounce back from oversold zone and appearance of bullish cross over on MACD can bring further northward momentum in upcoming session. For down side, index can hold the psychological support of 23000, while next support would be seen at 22700.

 免费 3 天 股票 挑 试用 点击 这里

TOP GAINERS

Name	Closing	% Change
SANDS CHINA LTD	42.950	7.11%
GALAXY ENT	48.350	6.62%
CHINA RES POWER	22.050	3.52%
TENCENT	119.700	3.19%
HUTCHISON	98.500	3.14%

TOP LOSER

Name	Closing	% Change
CHINA MOBILE	91.950	-0.97%
AIA	40.950	-0.61%
CHINA UNICOM	11.500	-0.52%
MTR CORPORATION	31.000	-0.32%
BELLE INT'L	8.710	-0.11%

Most Active Volume

Name	Closing	% Change
ICBC	4.910	276.99M
BANK OF CHINA	3.510	267.73M
CCB	5.510	238.63M
SINOPEC CORP	6.720	128.87M
PETROCHINA	10.020	62.31M

Most Active Turnover

Name	Closing	% Change
TENCENT	119.700	2.58B
HSBC HOLDINGS	79.100	2.32B
CHINA MOBILE	91.950	2.22B
HKEX	174.800	2.08B
ICBC	4.910	1.36B