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Wednesday, 12 December 2012

Cheung Kong Holdings: 12 December 2012, Wednesday, 1.45pm Singapore Time

Cheung Kong Holdings: 12 December 2012, Wednesday, 1.45pm Singapore Time

Hong Kong Market (HKSE Stock)

Cheung Kong (HKSE: 00001) is expected to break up $120 immediate Resistance R with reasons as charted above.

$110-$115 presents very powerful immediate supports and further accumulating BUYS/LONGS inside the $110-$120 presents good reward-risk ratios. 

As consolidation triangle is large, there are more upsides further from here.

Donovan Technical Rating:
BUY

* Note: Cheung Kong is also available for buying in Philip Securities Platform.

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