China Tracker (2823 HK)

I am just going to update the previous picks that I have made. I have told readers to buy 2823 HK last Thursday and Friday to buy 9.00 or below. It closed this Monday at 9.44. We continue to be bullish and see the resistance at 10.50.

Support: 9.00

Resistance: 10.50

Preferred Entry: Buy 9.50 or lower

*Note that I raised my support stops

Shimao Property (813 HK)

This stock has been trending since 3 weeks ago in a range trading pattern between 3.5 and 5. This stock might finally breakout with the bullish direction of the index. Note the increased volume in today’s uptick as well. The intraday chart also confirms a double retest of the short term bottom. Continue to buy, or hold your positions if you have bought last two days ago.

Support: 3.80

Resistance 6.5

Preferred Entry: 4.60 or lower

China Cosco (1919 HK)

This stock has been consolidating with good volumes since last week at the price of 4.10 to 4.50. Last Friday, it briefly violated the short term support of 4.20 making a low of 4.11 but managed to close up. A short term bottom is confirmed. For those who got whipsawed last Friday, it is still good to reenter the stock.

Support: 4.00 (Psychological stop), 4.11 (Exact technical stop)

Resistance: 6

Preferred Entry: 4.70 or lower