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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.
Posted by at No comments:
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Location: Hong Kong
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