What a loss.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Showing posts with label JPHK. Show all posts
Showing posts with label JPHK. Show all posts
Thursday, April 28, 2011
Wednesday, April 27, 2011
Narrow trading range (2011-04-27 3823 analysis)
Above is the daily chart of Tech Pro Technology Development Ltd. (3823.HK). The Company and its subsidiaries are principally engaged in the manufacture and sales of aluminium electrolytic capacitors and V-chip type aluminium electrolytic capacitors.
By technical analysis, we can see that the stock price was in trading range for three months, after a pass-through of the red triangle (there was no breakout).
The trading range is around 1.70-1.85. These two levels indicate the boundaries which resist/support the stock price.
We can see that there were a few candles with long lower shadow recently. The price is still beautifully kept within the range, but the long lower shadow implies that the buying-force is quite strong here.
If the price breaks out 1.85, the surge of price could be extremely great. We can keep an eye on this stock.
Tuesday, April 26, 2011
Friday, April 22, 2011
Wednesday, April 20, 2011
Tuesday, April 19, 2011
Monday, April 18, 2011
Saturday, April 16, 2011
Thursday, April 14, 2011
Waiting to breakout (2011-04-14 Hong Kong New World Development analysis)
Hang Seng Index surged greatly yesterday, and is going to test the resistance on weekly chart again, which is at around 24,400. Be aware of this level.
Looking for stocks with high potential, I found another one following Maanshan Iron&Steel I posted yesterday. However, as I still have not much confidence on the whole market, my focus will still be large-cap stocks which are highly defensive.
Above is the daily chart of New World Development (0017.HK). As we all know, the company's primary functionality is property development in both Hong Kong and PRC.
From its background, we could find great potential for high earnings because of the never-stop-surging property prices and the harmless-to-property policies imposed by the government.
Anyway, let's go back to technical analysis. I have drawn three trendlines in total: two down-trend and one up-trend.
The red down-trend line is a longer one, the price is still under this trend-line and I expect the BUY signal would be the breakout of this line.
The purple down-trend line is medium-term, NWD broke this line few days ago and showed a strong bullish trend here, together with the rising MACD.
The green up-trend line is a very short-term line but a strong one, as it has successfully supported the price three times.
Purple and green lines form a small pennant. This pennant has only been formed for around a month, so of course it is not that strong compared with the pennant for Maanshan Iron&Steel. However, breakout of this pennant would somehow give some power to the stock to break the red down-trend line as well.
Resistance is at 14.4, and if NWD breaks this level, we could buy and hold this stock.
Looking for stocks with high potential, I found another one following Maanshan Iron&Steel I posted yesterday. However, as I still have not much confidence on the whole market, my focus will still be large-cap stocks which are highly defensive.
Above is the daily chart of New World Development (0017.HK). As we all know, the company's primary functionality is property development in both Hong Kong and PRC.
From its background, we could find great potential for high earnings because of the never-stop-surging property prices and the harmless-to-property policies imposed by the government.
Anyway, let's go back to technical analysis. I have drawn three trendlines in total: two down-trend and one up-trend.
The red down-trend line is a longer one, the price is still under this trend-line and I expect the BUY signal would be the breakout of this line.
The purple down-trend line is medium-term, NWD broke this line few days ago and showed a strong bullish trend here, together with the rising MACD.
The green up-trend line is a very short-term line but a strong one, as it has successfully supported the price three times.
Purple and green lines form a small pennant. This pennant has only been formed for around a month, so of course it is not that strong compared with the pennant for Maanshan Iron&Steel. However, breakout of this pennant would somehow give some power to the stock to break the red down-trend line as well.
Resistance is at 14.4, and if NWD breaks this level, we could buy and hold this stock.
Wednesday, April 13, 2011
Good-buy stock (2011-04-13 Maanshan Irom&Steel analysis)
Hang Seng Index was down 1.34% yesterday, falling below 24,000. It looks like it is moving towards the support level I mentioned at around 23,700. If the index reaches this point, there would probably be a large buying-force and we can seize this opportunity to hold some stocks.
Yesterday I discovered a good stock that worths holding. Let's see.
The above is the daily chart of Maanshan Iron & Steel Co. Ltd. (0323.HK). Obviously, its major functionality is to manufacture and sell iron & steel products.
Despite of HSI's great slump, this stock was still able to gain a bit yesterday. It shows that the buying-power was definitely strong enough to resist the bearish power.
Technically, we can see that the stock price has just broken out the pennant. This pennant was formed in past 4 months and is definitely a strong one. Breaking-out of it means a lot to the stock.
Therefore, I am quite optimistic with 0323.HK. Regarding the fundamentals, China's infrastructure development is absolutely a major wealth generation for Maanshan Iron & Steel; but another source of income could probably be from Japan as they have to buy the two materials for rebuilding the cities collapsed during earthquakes.
Back to technical analysis, the next resistant level will be at 4.59, but I think it will break it and reach around 5.0. This is definitely a good-buy stock.
Yesterday I discovered a good stock that worths holding. Let's see.
The above is the daily chart of Maanshan Iron & Steel Co. Ltd. (0323.HK). Obviously, its major functionality is to manufacture and sell iron & steel products.
Despite of HSI's great slump, this stock was still able to gain a bit yesterday. It shows that the buying-power was definitely strong enough to resist the bearish power.
Technically, we can see that the stock price has just broken out the pennant. This pennant was formed in past 4 months and is definitely a strong one. Breaking-out of it means a lot to the stock.
Therefore, I am quite optimistic with 0323.HK. Regarding the fundamentals, China's infrastructure development is absolutely a major wealth generation for Maanshan Iron & Steel; but another source of income could probably be from Japan as they have to buy the two materials for rebuilding the cities collapsed during earthquakes.
Back to technical analysis, the next resistant level will be at 4.59, but I think it will break it and reach around 5.0. This is definitely a good-buy stock.
Thursday, March 24, 2011
Stock in the week! (2011-03-24 Morning Star Resources Ltd. analysis)
Sorry I had a mid-term examination yesterday morning, that's why I wasn't able to update my blog. Just for a brief update, these two days HSI had a low volatility due to the fading Japanese Earthquake's impact.
Today I am going to post the analysis of a small-cap stock, with potentially high chance of crazy surge: Morning Star Resources Ltd. (0542.HK). I believe some of you might have already heard about this company as it is quite well-known among the travel industry. But its major activities are actually investment holdings and management. (source: http://www.aastocks.com)
Below is the daily chart of Morning Star.
Yesterday the stock price surged 34.4%. This was actually an extremely beautiful breakout as it just reached the long-term red down-trend line. It's a shame that I did not discover this stock before yesterday's break.
Anyway, there is still chance for making money. 34.4% is definitely not enough for those who intend to push it. In fact, when reaching level around 0.128, there was a strong resisting force and stopped the price from boosting further, creating a long upper shadow.
Support now will be at around 0.101. For the upside, should Morning Star break the resistant level at 0.128, it could reach as high as 0.199. And this is only the second stop. Potentially it can even surge to 0.26 and even 0.30.
But let's just focus on shorter term. If the price exceeds 0.128 and stays firmly above it, we could BUY this stock and target at around 0.20. This is around 56% gain.
For stop, I would recommend 10%, which is at around 0.115.
I will consider putting this stock into JPHK after a long time of cash-holding period.
Today I am going to post the analysis of a small-cap stock, with potentially high chance of crazy surge: Morning Star Resources Ltd. (0542.HK). I believe some of you might have already heard about this company as it is quite well-known among the travel industry. But its major activities are actually investment holdings and management. (source: http://www.aastocks.com)
Below is the daily chart of Morning Star.
Yesterday the stock price surged 34.4%. This was actually an extremely beautiful breakout as it just reached the long-term red down-trend line. It's a shame that I did not discover this stock before yesterday's break.
Anyway, there is still chance for making money. 34.4% is definitely not enough for those who intend to push it. In fact, when reaching level around 0.128, there was a strong resisting force and stopped the price from boosting further, creating a long upper shadow.
Support now will be at around 0.101. For the upside, should Morning Star break the resistant level at 0.128, it could reach as high as 0.199. And this is only the second stop. Potentially it can even surge to 0.26 and even 0.30.
But let's just focus on shorter term. If the price exceeds 0.128 and stays firmly above it, we could BUY this stock and target at around 0.20. This is around 56% gain.
For stop, I would recommend 10%, which is at around 0.115.
I will consider putting this stock into JPHK after a long time of cash-holding period.
Friday, February 11, 2011
JPHK Update (2011-02-11)
Well I have sold at the worst time. But it is really uncertain to decide whether HSI broke down or not. Let's see next week.
Thursday, February 10, 2011
JPHK Update (2011-02-10)
Final trading day tomorrow for this week, it is likely that we can confirm HSI breakdown on weekly chart. Will sell if tomorrow keeps on dropping.
Wednesday, February 9, 2011
JPHK Update (2011-02-09)
Today HSI broke the uptrend line in weekly chart. There are two days left to confirm whether it will break down or not. False breakdown is still possible. If we confirm breakdown, we should sell most of our stocks.
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