China Longyuan Power (916)
This renewable stock rose on high trading volume last Friday, and tried to breach the immediate resistance of HKD12.00. The stock attempted to end its correction phase recently, and staged a technical rebound. If it breaks above the immediate
resistance, expect strong positive momentum to emerge. This should propel the stock northwards to HKD12.60, followed by
HKD13.66. On the other hand, falling below MYR11.24 would indicate that sellers have outpaced the bulls.
Neusoft Education Technology (9616)
Neusoft Education jumped higher, as it headed for the immediate resistance. Note that the stock has rebounded above the 21-day SMA line, and a bullish bias has emerged. If it stays above the moving average line and crosses above the HKD4.20 resistance, it should travel towards HKD4.35, followed by HKD4.50. Towards the downside, falling below the HKD4.04 support would nullify the expectation.
