Akeso is shifting into a bullish momentum – it broke past the HKD38 resistance on strong volumes.
The stock has now climbed above the 21-day SMA line and charted a fresh “higher high” bullish candlestick.
RHB Retail Research said today (July 5) an extension of the bullish setup should test the next resistance pegged at HKD42, followed by the HKD45 level.
In the event the counter falls below the HKD35 support, the bullish structure will be invalidated.
Intron Technology has also staged a bullish breakout and is now in the process of extending the upside movement.
The stock has climbed above the 21-day SMA line – confirming a bullish setup – and broken past the HKD5 resistance.
Riding on the strong momentum, it should travel towards HKD5.40, followed by the HKD5.80 level.
On the downside, breaching below the HKD4.65 support will negate the bullish setup.