Category HKSE

Entries 11 Total

Bank of East Asia Ltd (0023)

Nov 11, ’09 3:49 PM

2009Nov-Bank of East Asia Ltd.-800x600

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Anhui Tianda Oil Pipe Company Limited (0839) : Very nice Cup and Handle formation

Nov 5, ’09 2:25 PM

Previous post on Anhui Tiande highlights the kumo resistance.

And indeed, Anhui Tiande hit the kumo and retrace a little.

What happens next is it actually forms a cup and handle and when it break through the kumo resistance, it breaks through strongly.

Very nice :)

2009Nov-Anhui Tianda Oil Pipe Co Ltd-800x600

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REXLot Holdings (555) : Price consolidation

Sep 30, ’09 3:26 PM

2009Sep-REXLot Holdings Ltd-800x600REXLot has been trading within a range of 0.60 and 0.73 since July.

On the Weekly Chart, we can see that there is a very thick kumo support at around 0.59 with the Kijun sen still trending up.

On the Daily Chart, we can see that it is in a period of consolidation with the price dipping below the kumo support for a while before rallying up against.

For now, it is difficult to confirm if the uptrend will continue as we can see that the kumo support is very thin. However, there is strong support on the Weekly Chart at 0.59

Not vested.

2009Sep-REXLot Holdings Ltd-800x600_Weekly

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