After a big collapse in share price this summer, China Vanke get its feets and stablize in share prices. It is not expected to rise rapidly. Rather than that, it will move within the Bollignet Bands. It needs some time to establsih an upward trend.
Geely (175.HK) has great chance to rebound. It shows strong support at the resistance level of 16.5. The impact of Nancy Pelosi visit to Taiwan is expected to be short-lived in Hong Kong market. We expect the acquisition of Meizu, a popular mobile brand by the parent of Geely will contribute to Geely automobile business. Reiterate with BUY.
The 14 Day Moving Average deteriorates from 60 to 40. With its deteriorating situation in its loan. The ticker is far from enjoying premium from peers. HSBC will outperform Hang Seng Bank. At the moment no need to accumulate. Just wait for better entry point.
Hutchison Telecom Hong Kong(215.HK) announced its 1H result, recorded a loss of 96 million HKD. It is already an Non-Event. Look forward, it benefit from the development of NFT. From last month it develop a rectangle pattern but did not drop below 1.45 HKD. It develop strong support at 1.47 - 1.50. Remain Buy.
GDS (9698.HK) losses 10 day moving average. As Google's 2Q cloud business loss form consensus, the whole cloud sector is deteriorating. GDS should be a SELL.
China Energy Engineering (3996.HK) breakthrough rectangle pattern and there is 20% potential upside. Fundamental are positive since China had a hot summer and the demand for electricity increase. CEE is a electricity related stock and stage positive from short-term trend. Stop-loss level is set at 1.03 HKD .
Li Ning (2331.HK)enter into a strong resistance level from 72.5 HKD to 74 HKD. If it cannot breakthrough 74 HKD, it is likely to have a significant recession to 62 HKD. It is a SELL.
Among major currency, AUD trend is more resilient that other currency. The USD vs AUD dollars is at the top of BOLL and is expected to trade within the band. A major breakthrough is not likely. Because AUD is a commodity currency, it's trend will be relatively strong. AND it is the time to accumulative.
Xinyi Glass (868.HK) is under a downward trend. The stock price cannot up cross the downward trend line. Also, there is a decrease in demand on construction and auto glass demand. The downside direction is with Hang Seng Index.
Xinyi Solar (968.HK), the largest solar glass manufacturer in China, is on a downward trend. Compared with its downturn in the industry, the share price is not easy to recover. It is ideal to wait at the sideline until the stock price had sharp correction.
Every time Bitcoin losses 70 percentage from top, it is the time for it to rebound. According to the 33.3% of Golden Ratio, its maximum rebound level is USD 29,780.
HSBC (5.HK) finished its triangle pattern and it's a greater chance to move upward. It is notable that its peers remain weak. As HSBC is the market leader with more than 50% market share, its single stock will be the leader, rather than the group (Hang Seng, Bank of East Asia, Dah Sing Bank, Public Bank Hong Kong)
