The Hong Kong market has been moving up for awhile and we have been more active over here as you all can see from our post. Both Geely and HKEX has done very well and now we’re looking at another stock Kuaishou (1024.HK).

From the chart we can see it that the horizontal resistance is at $90.20. It did challenge it today but failed to stay above it. We are watching closely for a sustained break and given the momentum in the HK market we might see this break coming soon. Its the third time that Kuaishou is testing this resistance and a fourth time with volume might signal a strong breakout! Kuaishou has also been consolidating for awhile so if it manages to break, we might get a nice upside movement too.

The possible upside could be to $99 first a good 10%!