After seasonal review by Hang Seng Indexes Company Limited, two stocks were added into HSI components, namely Belle International (1880.HK) and China Coal (1898.HK), effective on 6-Sep. Funds including Tracker Funds and Hedge Funds will undoubtedly buy these stocks in order to keep track of the performance of HSI. Regarding this, these two stocks had surged more than 3% yesterday. If you would like to LONG Belle International, I would recommend you to observe few more days. Let's see the daily chart of 1880.HK.
The price surely broke the last 3-year high of about 13.05. However, a doji was formed yesterday after resisted by the pitchfork. The message behind the doji is dependent on the candlestick today.
If Belle International opens low and plunge, then a typical bearish doji star would appear giving signal of trend reversal.
On the other hand, if it breaks the fork upwards today, it shows a strong upward trend which we could buy this stock for some profits.
No comments:
Post a Comment