Trip.com is poised to stage a technical breakout, testing the immediate resistance on high volume.
RHB Retail Research (RHB) in a note today (Aug 7) said the stock may attempt to break past the HKD319 resistance to fill the gap and resume the upside movement.
If a bullish breakout happens, it should travel towards the next resistance of HKD330, followed by HKD350.
On the other hand, falling below the HKD300 support will resume the bearish price action.
Nissin Foods is eyeing to stage a technical rebound after charting a bullish candlestick.
RHB noted that yesterday, the counter bounced off the immediate support to show selling pressure is subsiding.
If it breaks past the HKD4.50 resistance, this will attract further buying pressure.
In this case, the house said the counter may climb towards HKD4.70, followed by HKD4.90.
On the downside, should it fall below the HKD4.30 support, this will resume the correction phase.