JD.com
In the latest technical analysis report on trading stock traded on HKSE, RHB Research has pointed out that this tech heavyweight is eyeing to break past the immediate resistance. The stock has been observed moving sideways recently while trading volumes increased tremendously on 17 Jun. If it breaks past the HKD260 immediate resistance, a bullish bias will emerge. The stock should then move towards the next resistance at HKD280, followed by HKD300. However, if it falls below the HKD240 support, this should kick-start the downward correction.
Trip.com Trip.com is attempting to break past the immediate resistance of HKD228 on the back of high trading volumes. Buying interest has been observed as increasing lately, while the bullish momentum is picking up pace. If a breakout happens, the stock should scale higher towards the next resistance at HKD240, followed by HKD265. Conversely, breaching below the support of HKD206 will negate this expectation.
Haier Smart Home Haier is in the midst of extending its upside movement, knocking on the immediate resistance of HKD29. The stock has been observed rising higher in tandem with the strong volumes. If the bullish momentum surpasses the HKD29 threshold, it should extend towards the higher resistance pegged at HKD30.50, followed by HKD32.50. On the flipside, drifting below the HKD27.30 support will trigger a downside correction.
Smoore International Smoore pulled back below the HKD25 immediate resistance to consolidate. It is noticed the bullish momentum softening as the immediate resistance grew stronger. The stock may correct towards HKD22.60 or HKD20.85 before the bullish momentum picks up pace again. Meanwhile, in the event the stock jumps above the HKD25 resistance, it should travel towards the higher resistance at HKD28.
