BeiGene is poised to scale higher after staging a bullish breakout.
The stock staged a gap up and closed above the HKD105 resistance to confirm a bullish setup.
They observed the trading volume increasing with the share price – showing strong bullish momentum is underway.
An extension of the bullish setup should see fresh "higher high", travelling towards the next resistance of HKD115, followed by HKD125.
Meanwhile, breaching below the HKD97 support will kickstart the correction.
China Feihe is eyeing to stretch the bullish trajectory after breaking past the key resistance on strong volume.
The counter managed to cross above the HKD3.72 resistance to print a fresh "higher high" bullish candlestick.
The 21-day SMA line is curving upwards, showing short-term trend is bullish.
The bulls are setting its sights to test the next resistance at HKD4,followed by HKD4.20.
On the flipside, falling below the HKD3.52 support will resume the bearish phase.