Saturday, March 29th, 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)

266
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

Bursa KLSE stocksMarket Updates

Bulls Gaining Momentum: Alliance Bank Malaysia Poised for Breakout
minichart
October 15, 2024

Date of Report: October 15, 2024Broker: CGS International Company Overview Alliance Bank Malaysia Berhad provides a full range of commercial banking services for retail and institutional customers. The bank offers a variety of products,...

Market Updates

Bank Negara Indonesia Q4 2024 Results: Loan Growth and NIM Improvement Drive Recovery
minichart
January 24, 2025

Comprehensive Analysis of Bank Negara Indonesia (BBNI) – Q4 2024 Results Comprehensive Analysis of Bank Negara Indonesia (BBNI) – Q4 2024 Results Broker Name: UOB Kay Hian Report Date: Friday, 24 January 2025 Overview...

Market UpdatesSingapore SGX stocksstock of the day

Beng Kuang Marine: Charting New Waters with Asset-Light Agility
minichart
January 23, 2025

Beng Kuang Marine is making waves in the offshore and marine industry, emerging as one of 2024’s standout gainers. Its stock surged an impressive 283.3% over the past year, reaching 22 cents as of...