Citic Pacific (267)
Perfect Box Breakout Chart.
The drama of this chart is very simple.  The breakdown from 20 dollars to 4 dollars was mainly the derivative losses coming from the company’s AUDUSD position.  If you look at the AUDUSD currency chart position, it is very similar.  They are identical twins.
The AUDUSD chart looks like it’s going [...]

The Hong Kong market was closed for the past three days due to the celebration of the Chinese Lunar New Year.  It opened 981 points up at 13,560.07, the high for the day, but was met by profit taking.  By the afternoon session, the gains were trimmed down to 575 points closing near its low [...]

China Agri (606 HK)
The stock paused after falling three days in a row resting above its 32-day moving average.  Buy and pick up with the assumption that the stock is a channel with the trendline being intact.
Support: 3.55
Preferred Entry:  3.55-3.62
Resistance: 4.25/5.25

Last Friday, the Hang Seng opened at 14530.83, 200 points higher than Thursday’s big sell off. The index was able to go up even further to as high as 14673.60 but it was sold down later by profit takers at 14,297.41, ending largely unchanged from Thursday closing down 38.47 points or 0.27% at 14377.44.
The HK [...]

Country Garden (2007 HK) broke its support levels of 1.85 and pierced until the low of 1.80 but managed to close at 1.82 or 4.21% down from 0.08.  Allow the stock to create a new pattern again.  Stay out and avoid this stock for now.

The Hongkong market followed US indices yesterday as reality set in, the reality that the rally could be over.  Support levels were broken as traders find new support levels.  The market opened at 14755.81, 200 points lower than yesterday’s open and continued falling by as much as 600 points intraday to hit a low of [...]

Country Garden (2007 HK) opened at 2.09 but was sold all the way down to end at 1.90.  The behavior of the stock is still inside the pattern but it would take time before new buying interest comes in, as it exhibited a bearish one day reversal.  Allow the stock to form a pattern again [...]

After the huge rallies in the market, the Hongkong market finally collapsed due to profit taking pressure.  The market opened up at 15,759.53, briefly went up to 15,763.55 but quickly slid down morning and late afternoon to as low as 14,976,74 (a drop of 800 points intraday) to close 522.05 points down or 3.37% at [...]

Just as expected, the HK market underwent a consolidation yesterday. The market opened up at 15,612.47 and still went up to 15651.61 but slid down to as low as 15,367.93. But it quickly regained strength closing at 15509.51, losing just 53.80 points or 0.35% down
Recommendation:  Buy selectively and wait for re-entry during consolidation days. We [...]

Country Garden (2007 HK)
Support:     1.85
Resistance:    2.80
Preferred Entry: Between 1.85-1.95 range.
Recommendation: Position trade and buy
Time Horizon: 1-2 weeks