Posts

Showing posts from November, 2014

HK update 27Nov

Image
Hongkong financial stocks did really well yesterday. 2822 and 2823 which has high weightage on financial stocks both showed showed significant trading volume. Judging from the past volume as compared to half a year ago, we see increased trading volume in these 2 etfs and both ETF had just broke their significant resistance level at $10 dollar. More upside ahead? Perhaps...could it be the beginning of increased volume activities from the connect? Lastly, a penny play on 0024.hk to monitor tmr -  Burwill Holdings Ltd (0024.HK) Quote| Reuters.com 10 more days to CFA!

0300.HK - Trading idea for 26th Nov.Hk Mkt

Image
From marketinout.com Looking very good! 0300.hk! its hourly chart

Update 25/11/2014

Since my last update on CGS, CGS has rebounded sharply as price increase more than a dollar since it reaches a low of 6.20ish as it was sold off on news after the ShangHai-Hk connect last Monday. However, the inclusion of CGS into MSCI China and the interest rate cut on China have ensure that CGS price trend continues. I will still be looking for any potential retracement @ around 6.20-6.40. The rebalancing in the MSCi index is on 25th Nov, after market. On the oil sectors, I suspect that a recovery could be due. Looking at the crude futures, there is a possibility that the oil futures are being oversold. In the last 2 weeks, we see no follow through in the oil futures prices. In fact, oil futures actually performed slightly better after the heavy volume as seen in the chart. Please refer to this - http://futures.tradingcharts.com/chart/CL_/ From a chart perspective, this  will be strength as long as oil futures don't break below that particular zone after witnessing the high vo

CGS - China Galaxy Securities

Image
I have been focusing more on the HK market for quite sometime and I must say CGS- China Galaxy Securities aka 6881.hk is one of the few stocks to watch due to the SH-HK connect. With them added into the MSCI index as well, expect high to go higher! This stock has been reiterated countless times in my stocks in my facebook page. Do join if you haven't

MSCI Index - Additions and deletions

Olam was deleted from the MSCI index and suntec reit was added in. However, what interest me is this particular HK stock. CGS CGS, Aka China Galaxy Securities, 6881.HK. - A broking firm listed in HK exchange gained momentum as it was added into the MSCI - HK index. Also. with the impending ShangHai China connect, this stock could potentially be one to hold long term. A broke above $7.00 and we might see CGS tests its all time high of $7.12.