GCL Tech
GCL Tech jumped on high trading volume last week and is eyeing the immediate resistance of HKD3.40. Note that the stock has been moving sideways lately, towards a consolidation. If it surpasses the immediate resistance, expect the uptrend to be resumed. In this scenario, the stock may climb towards HKD3.60, followed by HKD4.00. However, breaching below the HKD3.00 support would negate our expectation
Kuaishou-W
Kuaishou-W bounced off the 21-day SMA line, as it attempted to break past the immediate resistance of HKD84.00. A breakout above this point may mean that the correction phase has ended, and an uptrend may soon follow. The bullish momentum may lift the stock towards HKD90.00, followed by HKD97.00. In the event it falls below the support of HKD76.00, the stock may extend its downside correction
