As we previously mentioned, Hong Kong markets are looking good and it might continue to outperform the other markets this year.
One particular counter has caught our eyes as it has just broken out of consolidation. There was an increased in volume today and breaking the horizontal resistance we might see more upside in the coming days. The hong kong exchange or HKEX looks like there might be more upside to come.
$375 then $392 are our first two upside targets with immediate support at the 20ema of around $348. Looking at a bullish move up!
Kelwin & Roy