Economy

Needle Action Activity Spotted in Keck Seng Investments Hong Kong Ltd

Needle Action Activity Spotted in Keck Seng Investments Hong Kong Ltd”

Morgan Stanley grew its stake in shares of China Unicom (Hong Kong) by 1.9% in the first quarter. Whether or not this should be a cause for concern for investors is yet to be seen.

We can also do some further technical analysis on the stock. Presently, the 14-day ADX is resting at 9.10. The CCI was created to typically stay within the reading of -100 to +100. Alternately, if the indicator goes below -80, this may point to the stock being oversold. A popular tool among technical stock analysts is the moving average. The RSI may be useful for spotting abnormal price activity and volatility.

With the stock market trading at current levels, investors may be tossing around ideas about how to trade the next few quarters. Barclays Bank PLC (OLEM) now has a 14 day Williams %R of -37.50. After a recent check, the 14-day RSI for Hong Kong International Construction Investment Management Group Co Ltd is now at 30.23, the 7-day stands at 20.28, and the 3-day is sitting at 8.22. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978. This measurement is based on closing prices over a specific period of time. RSI can be used to help spot overbought or oversold conditions. Many traders keep an eye on the 30 and 70 marks on the RSI scale. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Taking a deeper look into the technical levels of China Netcom Technology Holdings Ltd (8071.HK), we can see that the Williams Percent Range or 14 day Williams %R now sits at -50.00. A reading between 0 and -20 would point to an overbought situation. For traders looking to capitalize on trends, the ADX may be an essential technical tool. ADX is charted as a line with values ranging from 0 to 100. A common look back period is 14 days. A value of 25-50 would support a strong trend. Different time periods may be used when using the RSI indicator. BT Investment Management Ltd bought a new position in shares of China Mobile (Hong Kong) in the second quarter valued at approximately $42,224,000. The Williams %R oscillates in a range from 0 to -100. The opposite is the case when the RSI line is heading lower. RSI can be used to detect general trends as well as finding divergences and failure swings. BidaskClub upgraded China Mobile (Hong Kong) from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Investors may have to do a little more homework in order to identify that next great trade, but the rewards may be well worth the extra time and effort. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Chart analysts may also use the indicator to project possible price reversals and to define trends. In terms of moving averages, the 200-day is now at 0.20, the 50-day is 0.22, and the 7-day is resting at 0.30. The 50-day is 14.69, and the 7-day is sitting at 14.35. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Some analysts believe that the ADX is one of the best trend strength indicators available. Following the direction estimates are trending may provide a deeper glimpse into the health of a company. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Zacks Investment Research raised China Mobile (Hong Kong) from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research note on Tuesday, June 27th. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The 14 day Williams %R is noted at -95.56.



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