Breakout Stocks of Week 21 @ HKEX
NASDAQ was up last week (week 20) by 2.15% ending at 16,698.32 points after gaining 352.06 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are MMG Limited HKEX:1208. This stock has had a buy signal since Feb 22, 2024 when the price was HK$2.06 and is so far up 97.57% to HK$4.07. Some other companies are on our watchlist to, among these are Samsonite International S.A. HKEX:1910 Season Pacific Holdings Limited HKEX:1709 Chinaamc Direxion Nasdaq-100 Daily (-2x) Inverse Product HKEX:7522 and Goodbaby International Holdings Limited HKEX:1086 which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Mmg Limited | HK$4.07 | HK$3.94 | -3.19% |
| Samsonite International S.a. | HK$26.65 | HK$25.60 | -3.94% |
| Season Pacific Holdings Limited | HK$4.22 | HK$4.20 | -0.474% |
| Chinaamc Direxion Nasdaq-100 Daily (-2x) Inverse P... | HK$0.97 | HK$0.97 | -0.309% |
| Goodbaby International Holdings Limited | HK$0.630 | HK$0.600 | -4.76% |
The MMG Limited stock price gained 2.78% on the last trading day (Friday, 17th May 2024), rising from HK$3.96 to HK$4.07. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.54% from a day low at HK$3.96 to a day high of HK$4.10. The price has risen in 8 of the last 10 days and is up by 11.51% over the past 2 weeks. Volume fell on the last day by -44 million shares and in total, 47 million shares were bought and sold for approximately HK$191.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
MMG Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About MMG Limited:
MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, molybdenum, cobalt, and lead deposits in Australia and internationally. It operates through Las Bambas, Kinsevere, Dugald River, Rosebery, and Other segments. The company holds a 62.5% interest in the Las Bambas open-pit copper and molybdenum mine located in Cotabambas, Apurimac region of Peru; and 100% interest in the Kinsevere open-pit copper mine in the Haut-Katanga province of the Democratic Republic of the Congo. It also holds a 100% interest in the Dugald River underground zinc mine located near Cloncurry in North West Queensland; and the Rosebery underground polymetallic base metal mine located on Tasmania's west coast. The company was formerly known as Minmetals Resources Limited and changed its name to MMG Limited in September 2012. MMG Limited was incorporated in 1988 and is headquartered in Southbank, Australia. MMG Limited is a subsidiary of China Minmetals Corporation.
The Samsonite International S.A. stock price gained 3.29% on the last trading day (Friday, 17th May 2024), rising from HK$25.80 to HK$26.65. During the last trading day the stock fluctuated 4.44% from a day low at HK$25.90 to a day high of HK$27.05. The price has risen in 5 of the last 10 days but is still down by -5.66% for this period. Volume fell on the last day by -15 million shares and in total, 20 million shares were bought and sold for approximately HK$535.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Samsonite International S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Samsonite International S.A.:
Samsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. It offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names. The company sells its products through various wholesale distribution channels, as well as through company operated retail stores and e-commerce. Samsonite International S.A. was founded in 1910 and is based in Luxembourg, Luxembourg.
The Season Pacific Holdings Limited stock price gained 1.69% on the last trading day (Friday, 17th May 2024), rising from HK$4.15 to HK$4.22. During the last trading day the stock fluctuated 2.66% from a day low at HK$4.14 to a day high of HK$4.25. The price has risen in 6 of the last 10 days but is still down by -1.63% for this period. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately HK$4.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Season Pacific Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Season Pacific Holdings Limited:
DL Holdings Group Limited, an investment holding company, engages in the sale of apparel products and the provision of supply chain management solutions. It offers financial advisory, securities research, securities trading and brokerage, margin financing, referral, and investment management and advisory services; money lending services; asset management services; and equity pledge financing services. The company also provides enterprise solutions services, such as global identity planning and wealth inheritance consultancy services, and other business consultancy services. It operates in Hong Kong, Singapore, the People's Republic of China, the United States, Cayman Islands, Europe, the Middle East, and other Asia Pacific region. The company was formerly known as Season Pacific Holdings Limited and changed its name to DL Holdings Group Limited in March 2020. DL Holdings Group Limited was founded in 2013 and is headquartered in Hong Kong, Hong Kong.
Chinaamc Direxion Nasdaq-100 Daily (-2x) Inverse Product
HKEX:7522The Chinaamc Direxion Nasdaq-100 Daily (-2x) ETF price gained 0.725% on the last trading day (Friday, 17th May 2024), rising from HK$0.97 to HK$0.97. During the last trading day the ETF fluctuated 0.83% from a day low at HK$0.97 to a day high of HK$0.97. The price has fallen in 7 of the last 10 days and is down by -11.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately HK$9.41 million.
Chinaamc Direxion Nasdaq-100 Daily (-2x) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
No changes to the price of Goodbaby International Holdings Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 6.67% from a day low at HK$0.600 to a day high of HK$0.640. The price has fallen in 5 of the last 10 days and is down by -7.35% for this period.
Goodbaby International Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
About Goodbaby International Holdings Limited:
Goodbaby International Holdings Limited, an investment holding company, researches, designs, develops, manufactures, markets, and sells durable juvenile products in Europe, North America, Mainland China, and internationally. The company operates through four segments: Strollers and Accessories, Car Seats and Accessories, Non-Durable Products, and Others. It offers children's car safety seats, strollers, apparels and home textile products, feeding products, nursing and personal care products, cribs, bicycles and tricycles, and other children products. The company also provides safety belts, cloth sets, and car components for children; child cloth beds; bath chairs for children; stadium chairs; sports utilities, e-cars, and wooden products; and child carrying systems, pushchairs, high chairs, and other products for children, as well as maternity products. In addition, it offers IT services and a share service center; testing services for children's products, tools, and electronic products; and advisory services for the risk valuation of product quality. Further, the company is involved in the distribution and sale of car safety seats, infant strollers, and other parenting products; and wholesale and retail of children's products. It also operates flagship stores. The company provides its products under the Goodbaby, CYBEX, gb, Evenflo, RollPlay, CBX, Exer Saucer, Urbini, and Happy Dino brands. The company was founded in 1989 and is headquartered in Kunshan, the People's Republic of China.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
