Saturday, November 3, 2018

Chart[95] - HongKongLand

The counter has been falling in price since mid 2018. Current price represents ~ 30% down from 2018 peak. It's price rebounded with significant volume on last trading day. Shall next resistance 6.17 been broken, trader could set target price as far as 6.68. 
Zooming out to longer time frame, current price is pretty close to its 6 years support ~ 5.6 to 5.8. Considering current valuation ~ 0.4 P/B, bargain hunter should appear soon. 


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