Samsonite International (1910)
According to RHB Research’s technical analysis report (September 19), Samsonite is poised to extend its uptrend after breaching the immediate resistance of HKD20 on strong volume. The stock has been charting a series of “higher highs” with “higher lows”, showing that bullish momentum is gaining speed now. As it rides on the growing momentum, it should climb towards HKD21.50, followed by HKD22.50. On the other hand, falling below the HKD19 support would negate the positive setup.
JS Global Lifestyle Company (1691)
JS Global may undergo a bullish breakout, testing the immediate resistance of HKD10 with high trading volume. The stock underwent a mild correction recently and bullish momentum has increased again. If the stock pushes past the resistance, this should attract strong buying pressure – which may lift it towards HKD10.50, followed by HKD11. Towards the downside, falling below the HKD9.15 support would signal that a bearish bias has emerged.
