Saturday, July 23, 2016

Chart[19] - HongKong Land USD

6.52 served to be strong resistance for the counter since early 2016. Last Thursday saw its price break up from the barrier. Price rested ~ 6.52 on last trading day. Shall this newly formed support persist, up trend could be forming with immediate resistance at  7.11. Current price translates to dividend yield ~ 3%. If price fall below again 6.52 again, the break up would be a false alarm.

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