Saturday, April 19th, 2025
Hong Kong stocksMarket Updates

China State Construction International Holdings Ltd (3311 HK) : A long position with an entry at 11.62, targeting 12.50

Posted on September 26, 2024 at 9:30 am (GMT+8)

294
Views
Share on Facebook
Share on Twitter

China State Construction International Holdings Ltd (3311 HK)

  • Current Price Movement: The stock has closed above its 52-week high and is trading above the 5-week EMA. This marks a continuation of a strong bullish trend, supported by increasing volume.
  • Indicators:
    • RSI: Constructive, signaling strong momentum without being overextended.
    • MACD: About to turn positive, suggesting that the upward momentum may accelerate soon.
  • Trading Strategy: A long position with an entry at 11.62, targeting 12.50, and placing a stop at 11.18 offers a good setup given the technical indicators.

    Thank you

Related Posts

Market Updates

TISCO Financial Group Q4 2024 Results: Higher Credit Costs Ahead as Bank Focuses on High-Yield Loans
minichart
January 15, 2025

Comprehensive Analysis of TISCO Financial Group PCL – January 15, 2025 Comprehensive Analysis of TISCO Financial Group PCL Broker Name: UOB Kay Hian Date of Report: January 15, 2025 Introduction to TISCO Financial Group...

Market Updates

Kalbe Farma: Strong 2025 Outlook with 8-10% NPAT Growth and 40% Upside Potential
minichart
February 18, 2025

Kalbe Farma’s Growth Prospects and Investment Opportunities – UOB Kay Hian Analysis Kalbe Farma’s Growth Prospects and Investment Opportunities: A Detailed Analysis Broker: UOB Kay Hian Date: February 18, 2025 Overview of Kalbe Farma...

Market Updates

HM Sampoerna: Tobacco Giant’s ESG Initiatives Boost Earnings Turnaround Potential
minichart
December 6, 2024

Comprehensive Analysis of Listed Companies by Maybank Sekuritas Indonesia Comprehensive Analysis of HM Sampoerna by Maybank Sekuritas Indonesia Date: December 4, 2024 Broker: PT Maybank Sekuritas Indonesia Introduction In a detailed report by PT...