Stocks Following the HSI breakout (2010-09-14 ICBC analysis)

HSI reached 21,700 and is trying to break the triangle on weekly chart. Once breakout confirms, it would be a long and big surge. So let's discover some good stocks with high potential and would be more likely to follow HSI to rocket.

ICBC 1398.HK:

ICBC is currently moving towards the red downtrend line. This would be the third trial trying to break it. MACD and EMA are giving a bullish signal too. Once it breaks, we could expect the price to reach 7.0.

I will add this to JPHK once the breakout on HSI weekly chart confirms. But please be aware of the economic data released today, especially US Advanced retail sales which was expected to drop. This might push me to sell my stocks to take profits first.