| STOCK FOCUS |
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Stock : CHINA RES LAND ( 01109 )
Suggestion : $17.4 ( Buy )
Target : $20
Resistance : $18.2
Support : $16.5
By technical analysis, 10-day moving average is now at $17. It gained support as it managed to hold above 10-day moving average. Meanwhile, RSI-14 is 60. It hovers above the 50-mark level, which suggests to staying on strong side. Analyzing the share price movement, the previous high is at $18.24 and the recent low is $15.44. Measuring from the recent low, Fibonacci 0.618 retracement is at $17.17. It jumps over the 0.618 retracement, and heads toward the previous high. However, Mainland property developers gain strength as scenario is positive.
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| CHINA INDICES |
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| Index |
Last Value |
%Change |
| Shanghai A | 3,242.10 | 0.92% | | Shanghai B | 197.21 | 0.94% | | Shenzhen A | 1,050.77 | 1.39% | | Shenzhen B | 515.38 | 1.27% | |
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| ASIA INDICES |
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| Index |
Last Value |
%Change |
| Taiwan | 6,665.40 | -0.03% | | Singapore | 2,299.75 | -0.91% | | NIK225 Jap | 9,816.07 | -0.61% | | Australia | 3,826.60 | -1.25% | |
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| FOREX |
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| Index |
Last Value |
Unit |
| YEN | 96.0400 | YEN/USD | | EURO | 1.3980 | USD/EUR | | GBP | 1.6333 | USD/GBP | | AUD | 0.7969 | USD/AUD | | CAD | 1.1607 | CAD/USD | |
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| US & EUROPE INDICES |
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| Index |
Last Value |
%Change |
| DOW | 8,280.74 | -2.63% | | NASDAQ | 1,796.52 | -2.67% | | FTSE100 | 4,236.28 | 0.05% | | CAC | 3,119.51 | 0.10% | | DAX | 4,708.21 | -0.22% | |
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