China Construction Bank is poised to stage a bullish breakout, testing the immediate resistance with high volume.
RHB Retail Research’s Market Dateline note said today (Feb 26), the stock has been moving upwards on high volume – showing bullish momentum is growing stronger. In the event it breaks past the HKD5 threshold, it will extend the upside movement towards the next resistance pegged at HKD5.30, followed by HKD5.60.
However, breaching below the HKD4.70 support would open the door for downside correction.
Li Auto is also eyeing to extend the upside movement, testing the immediate resistance on strong volume.
The stock has been charting a series of “higher highs” and “higher lows” recently, showing strong bullish momentum is underway.
The positive price action may follow through if it breaks past the HKD140 immediate resistance. If this happens, it will climb towards HKD150, followed by HKD165.
On the other hand, falling below the HKD125 support will kick off the downward movement.
