Hong Kong Viable Stocks – PICC Property & Casualty, CK Infrastructure Holdings
Hong Kong Viable Stocks – PICC Property & Casualty, CK Infrastructure Holdings
PICC Property & Casualty is attempting to extend its upside movement after breaking past the resistance level.
The stock climbed above the 21-day SMA line and closed above the HKD9.50 resistance level to confirm a bullish setup.
Riding on the momentum, the stock is eyeing the resistance level at HKD10, followed by the next one at HKD10.50.
On the downside, a fall below the HKD9 supportlevel would resume the correction.
CK Infrastructure Holdings is poised to continue its bullish trajectory after breaking past the resistance level on strong volume.
The counter printed a fresh "higher high" to close above the HKD50 resistance level.
The 21-day SMA line is pointing upwards, showing that the short-term trend is bullish.
They expected follow-through price action to test the next resistance level at HKD53,followed by HKD55.
A fall below the HKD47.70 support level would negate the bullish setup.