CLP Holdings is eyeing to extend the bullish trajectory after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (Aug 14) said the stock climbed above the HKD69.50 resistance to confirm a bullish setup.
We also observed the 21-day SMA line moving upwards, showing the short-term trend is bullish.
The counter should chart a fresh “higher high”, testing the next resistance of HKD73, followed by the HKD76 level.
On the other hand, falling below the HKD66 support will set off the correction phase.
New Oriental Education & Technology is attempting to continue the bullish movement after climbing above the resistance.
The counter closed above the HKD54 resistance yesterday to confirm a bullish setup.
The bulls are now setting their sights on crossing above the 21-day SMA line and travelling towards the next resistance at HKD59, followed by the HKD64 level.
In the event it falls below the HKD50 support, this resumes the bearish phase.
