Tag: China Res Beer

CHINA RES BEER   Stock Code 0291.HKE

Outlook

The price correction appeared to halt at the cloud support, which is also the key Fibonacci 62% correction point. If price stays above the Fibonacci 62% correction point, we are likely to see a resumption of the price rally. A bullish engulfing candlestick pattern was formed yesterday, hinting at a bullish price trend. MACD is rising after having the bullish crossover as well, suggesting the increased upward momentum. We are likely to see price rebounding to test its recent price high again.

Strategy                      

$53.80                Buy

$59.30                Price Target

$52.00                Risk Management Stop

2 weeks              Trade Duration

TINGYI   Stock Code 0322.HKE

Outlook

Price rebounded after being supported by the Base line, which is acting as support at the moment. Conversion and Base lines remain in a bullish crossover that hints at potential upside ahead. MACD is bullish and is moving higher, and a bullish crossover is likely in the coming session. We are likely to see price continuing to move higher.

Strategy                  

$13.86                Buy

$15.13                Price Target

$13.20                Risk Management Stop

2 weeks              Trade Duration

CHINA RES BEER   Stock Code 0291.HKE

Outlook

Price rebounded from the Fibonacci 62% correction point. Conversion and Base lines remain in a bullish crossover that hints at a potential upside ahead. Conversion and Base lines are currently supporting price. MACD is bullish and is turning up, and a bullish crossover is likely in the coming session. These could increase chances of the stock price resuming its upward momentum to move higher.

Strategy

$55.00                Buy

$59.00                Price Target

$52.55                Risk Management Stop

2 weeks             Trade Duration

CHINA RES BEER   Stock Code 0291.HKE

Outlook

Price managed to find support at the base line and is currently being supported by the conversion line.  Conversion and base lines remain in a bullish crossover and is hinting at a bullish price trend. MACD has been rising gradually towards the zero line, suggesting increased upward momentum. We are likely to see price continuing its upward momentum to move higher.

Strategy                  

$48.00                Buy

$55.00                Price Target

$43.00                Risk Management Stop

2 weeks              Trade Duration

CHINA RES BEER   Stock Code 0291.HKE

Outlook

Price was supported by the middle Bollinger band, which is also the 20-day moving average. The middle Bollinger band is rising, suggesting a potential bullish price trend ahead. The momentum indicator, the Stochastic, is strong and there is a bullish stochastic crossover that hints at potential upside ahead. We are likely to see price moving higher towards its previous high price resistance at HK$67.53 in the next 1-2 weeks.

Strategy

$60.50                Buy

$67.50                Price Target

$57.40                Risk Management Stop

2 weeks             Trade Duration