Thursday, April 09, 2015

Hang Seng heading towards 30000

Hong Kong Hang Seng Index (HSI) rose 708 points today! Why not?! HSI broke above its psychological resistance at 25000. It could test the 30000 mark very soon. The potential target for this rally could be 32000-35000.



Chart: HSI's monthly chart as at April 9, 2015 (Source: Yahoo Finance)

Note:

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Hang Seng Index.
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4 comments:

  1. CommBullFriday, April 10, 2015 12:42:00 AM

    Hi bro Alex. Please comment on MEGB. It is time to buy now?

    ReplyDelete
  2. WKMonday, April 13, 2015 10:27:00 PM

    And YeeLee too... Breakout!!

    ReplyDelete
  3. Alex LuTuesday, April 14, 2015 9:07:00 AM

    Hi Commbull

    MEGB is in a "descending triangle" with support at RM0.60 & Resistance at RM0.65.

    You might have read about the difficult operating environment in the educational services sector (see link below).

    MEGB will be a true test for the hedge fund, Creador & the management team from SMRT. It will be a while before we learn whether the turnaround is successful or otherwise.


    http://malaysiansmustknowthetruth.blogspot.com/2015/04/new-rules-squeezing-private-colleges-of.html

    ReplyDelete
  4. Alex LuTuesday, April 14, 2015 9:07:00 AM

    Hi WK

    Yeelee has definitely flown off. Instead of looking at Yeelee, why not try Spritzr?!

    ReplyDelete