Just a quick note on some stock names listed in Hong Kong, as it'll be interesting to see how they act in the next few days from their current support/resistance level which should give us a hint on the overall trend.
Let's start with those currently testing support:
Tingyi (322)
Swire (19)
Bank of China (3988)
Link Reit (823)
ICBC (1398)
...then those testing resistance:
HK & China Gas (3)
China Resources Power (836)
...and finally those retesting their breakout level:
Hang Seng Bank (11)
Sands China (1928)
Can the various support hold, resistance be broken-out and we head higher; or, support breaks, resistance holds and we head lower?
...or do we simply stay within a range?
These coming days should provide some answers, especially with Tencent (700) reporting soon...
