Above is the daily chart for Esprit Holdings (0330.HK). The current price is 45.950 (+1.885%). We can see that in last two days it tested the resistance twice. Given a drop in global markets today, it would be quite difficult for it to attempt to break the line for the third time. But it has a very strong rising momentum at the meanwhile, it might rise up to somewhere near the resistance and let us find good position for possible swing trades intraday.
For longer term, once this line breaks, the next resistance would be at 48.60. Watch carefully.
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