Friday, October 8, 2010

Resisted and drop (2010-10-08 Hang Seng Bank analysis)



Today we would look at another leading bank in Hong Kong --- Hang Seng Bank (0011.HK). After a month of crazy surge, it reached the year high which is definitely a strong resistant. Other than that, MACD and EMA reach the resisant too. Volume decreased also.

These factors combined together, making the price impossible to break the resistant. It would be more likely to fall afterwards.

No comments:

Post a Comment