Saturday, April 23, 2016

Chart[11] - Ying Li

The counter formed double bottom break down at 0.149 on Dec 2015. Since early 2016, it has been gathering strength to push up but retreat from 0.149. Lately, it saw high transaction again with price edging up again. In first chart (daily), EMA10 has cut up from EMA20. In second (weekly), price rest before EMA20. Shall it form double top break up from 0.149, next resistance is 0.168. Trend could have changed if it back down to 0.136.

Friday, April 8, 2016

Chart[10] - China Everbright

The counter saw accumulation volume since mid Feb. On last trading day, it ended at 0.525 with 8m of shares transacted which is pretty bullish. Shall it break up from resistance line at 0.525, next resistance line could be 0.59. 



*** Note: Same counter has been mentioned in Chart[8] @ 2016 ***