share_log

Hong Kong Viable Stocks – Bilibili, KE Holdings

Business Today ·  Aug 25 20:39

Bilibili is poised to test the immediate resistance and may undergo a counter-trend rebound.

RHB Retail Research (RHB) in a note today (Aug 26) said that trading volume picked up last Friday, and the stock printed a bullish candlestick.

This suggested that the bullish momentum is gaining traction.

In the event the stock breaks past the HKD110 resistance, a bullish bias should emerge.

In this case, the momentum may propel the stock towards HKD118, followed by HKD126.

However, falling below the HKD102 support level would lead to the return of a downtrend.

big


KE Holdings is consolidating sideways while attempting to stage a bullish breakout.

The 21-day SMA line is pointing upwards, showing that the short-term trend is bullish.

If the counter climbs above the HKD40 resistance, a bullish bias will emerge.

In this scenario, the counter may travel towards HKD42.50, followed by HKD45.

If it falls below the HKD37 supportlevel,this will kick off a correction phase.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment