Sunday, February 23rd, 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

222
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 UpdatesSingapore SGX stocks

Palm Oil Outlook 2025: Rising Demand, Firm Prices, and Top Stock Picks
minichart
February 18, 2025

In-Depth Analysis of Bumitama Agri, Golden Agri-Resources, and Wilmar International In-Depth Analysis of Bumitama Agri, Golden Agri-Resources, and Wilmar International Broker Name: OCBC Investment Research Date of Report: February 17, 2025 Palm Oil Market...

Bursa KLSE stocksMarket Updates

Eco World Development Bhd forward price-to-earnings (PE) ratio of 16-20x for FY24-FY26, which is lower than its 10-year average of 32x.
Minichart
September 20, 2024

Eco World Development Bhd (ECW) has delivered a strong performance in 3QFY24, surpassing expectations with a core net profit of RM89.2 million, reflecting a 24% quarter-on-quarter (qoq) and 34% year-on-year (yoy) increase. This was...

Market UpdatesSingapore SGX stocks

Boustead Singapore: Resilient Performance Amid Challenges, Maintains BUY Rating
minichart
November 15, 2024

Boustead Singapore Company Update: A Comprehensive Analysis Boustead Singapore Company Update: A Comprehensive Analysis Published by OCBC Investment Research on 15 November 2024 Overview of Boustead Singapore Boustead Singapore Limited, one of the oldest...