Stockpicks Hong Kong market 2Today's stockpick is Zhongyu Gas (HSI:3633)
Let's see some previous history data by VectorVest:
02-Mar-18 RT: 1.80
01-Mar-18 RT: 1.82
28-Feb-18 RT: 1.81
27-Feb-18 RT: 1.90
26-Feb-18 RT: 1.91
23-Feb-18 RT: 1.94
The RT values are so sweet.
If you have VectorVest ready, you also notice the rising EPS started from Jul 2017, 3633 has already reached more than FOUR times within 8 months.
Fib. Ret. shows the possible retracement level as shown in the left graph.
We expect the correction to be completed within 23.6% & 38.2% Fib Ret. level
Ichimoku analysis found some support levels:
$8.00 (flat chinkou-span)
$7.20 - $7.30 (senkou-span of green cloud)
$6.10 (senkou-span of green cloud)
At this moment, the market is mildly bearish because of...
The falling chinkou-span in ichimoku-analysis, and
A bearish divergence RSI has already formed.
We recommend to HOLD and wait for a confirmed bullish reversal signal.
