Thursday, 26 June 2014

Market Overview 26th June, 2014



Market Overview

Hong Kong stocks jumped 1.45 per cent during today's trading session. Benchmark Hang Seng Index added 331.13 points on Thursday to 23,197.83 on turnover of $HK52.60 billion and overall breath of market was bullish as most of the stocks traded in positive territory. Technical view of index is still bullish as it has given closing above 23000 psychological mark. RSI has given closing above its 14 DMA turned in to positive territory. MACD line crossed above it signal line and with expanding of bullish gap can bring further northward movement in the Index in upcoming session and index can test next resistance level of 23400. Index is still sustaining above 50 DMA and 200 DMA with appearance of golden cross. Hang Seng index has immediate support of 22800, while next



support would at 22400.


Recommendation : BUY
Target : 143 & 148
Recommended Prize   : 138
Stop Loss  : 135


Stock Summary:-

Major trend of Cheung KOng is bullish on chart and is forming higher top and higher 
bottom on hourly charts. It has shown small correction and took support from is 200 and 50 
DMA. One can follow buy on deep strategy for the stock as it is likely to show northward 
movement in upcoming session. One can initiate long position in the stock at 
recommended level of 138 and can expect the targets of 143 & 145 in in near term, while 
support of 50 DMA at 135 on hourly chart can act at stop loss.






Wednesday, 25 June 2014

HONG KONG STOCK MARKET



HONG KONG Stocks

Traders with a substantial capital and looking for customized one to one market guidance from a market expert can benefit in a big way from our HNI Pack. Complete customized services where analysts directly guide you on each trades with complete entry and exits and full support on any questions related to the current portfolio of the trader or any existing positions on the personal trade of the customer.Know what is your risk appetite and how much you should risk on every trade directly though the analyst. A great experience overall for any trader.