Callyflakes

Callyflakes

Uptrending since January with strong support at the 20 EMA. The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity. Additionally, huge supply and demand factors in the global shipping industry at play right now. I expect a bounce off 2.82 if not before that....

Callyflakes

Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected. It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half. I expect...

Callyflakes

Greatwall Motors 2333:HK has been unstoppable since as early as last July. It's made a pullback over the past month. It has bounced off support of 23.15, and has just broken through resistance of 25.50. If it is to follow the current trajectory, there should be a quick 10% rebound in the coming days to next resistance at 28.30, with a medium-term TP of...

Callyflakes

After a flood of southbound cash into the HK bourse yesterday, HKEX:2196 Fosun Pharma shot up to resistance level at 38.95 within four trading days. Probably a little too much excitement for this particular stock. This was not expected on my part, but very welcome. I took profit as soon as I saw that this resistance level held. Based on these charts, I would wait...

Callyflakes

HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to~$23.50. Timeframe ~21 trading days.

Callyflakes

HKEX:686 BJ Energy Intl has been uptrending since July, albeit spasmodically. It has become a bit more consistent since early November. It just bounced off support (false break) level of 26. If I was a gambling man, this will proceed up to $30, retrace to around $28.5 and then bounce again to $33. Timeframe ~10 days RSI just hit 51. Good entry. Low volumes...

Callyflakes

HKEX:2196 Fosun Pharma has been in a steady uptrend since last March, it has pulled back in recent weeks in a tight bear channel to sneak below its 50 day EMA. However it has broken through this bearish pattern. Overall it has remained within its longer term uptrend channel. I am guessing it will bounce up to just above a $40 tp. Patience required though - may...

Callyflakes

Li Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend. My guess is that it will bounce 10% within 30 days. Target exit at 55.50.

Callyflakes

Looks like consolidation of an uptrend into a descending wedge for Li Ning. It should continue to rise towards ~50 if it breaks out of the wedge to ~44.20