PCCW is posing a bullish setup after breaking past the resistance with a "higher high" candlestick.
RHB Retail Research (RHB) in a note today (July 17) said the stock has climbed above the HKD3.94 resistance to confirm a bullish setup.
It is trading above the 21-day SMA line, showing bullish momentum is gaining traction.
The momentum would lift the stock towards the next resistance at HKD4.15, followed by HKD4.40.
On the flipside, breaching the HKD3.80 support would negate the bullish setup.
Zhaojin Mining Industry is eyeing to extend the upwards movement after staging a bullish breakout.
The counter has charted a bullish candlestick and closed above the HKD15.36 resistance.
The 21-day SMA line is pointing upwards, showing the short-term trend is bullish.
If it stays above the breakout point, the counter will travel towards the next resistance at HKD17, followed by HKD18.50.
On the downside, falling below the HKD14 support would open the door for correction.