Technical price levels of BYD, HSBC and BOC on SGX
With Trump winning the US presidential elections, how would the Chinese governement react with policy stimulus?
Investors are awaiting details on fiscal stinulus from the China parliament meeting held from 4-8 Nov. Check out the price levels to positon for trades in CN/HK stocks, now tradable on SGX.
Access HK stocks like BYD in small clips of $500 on SGX ($BYD HK SDR 10to1 (HYDD.SG)$) compared to $25,000 on HK!
🏦 Bank of China($Bank of CN HK SDR 1to1 (HBND.SG)$) shows short-term bullish momentum and solid longer-term uptrend. Resistance emerged around HKD 4.00 (S$0.68) with support at HKD 3.60 (S$0.61). Potential entry on retracement towards support. (SDR ratio – 1:1) 🚗 BYD ($BYD HK SDR 10to1 (HYDD.SG)$) broke support HKD 280 (S$4.76), indicating potentially strong uptrend. Currently consolidating below key resistance HKD 300 (S$5.10). Both short and long-term trends are trending upwards. Potential entry at support if level holds or on a confirmed break out above HKD 300 (S$5.10). (SDR ratio – 10:1) 💰 HSBC ($HSBC HK SDR 5to1 (HSHD.SG)$) recently broke above support HKD 70 (S$2.38), with both short and long-term trends showing upward momentum. Next major resistance potentially at HKD 75 (S$2.55), with breakout above resistance signalling potential further upside. (SDR ratio – 5:1)