China Strategic Holdings Limited Stock Forecast

Stronger technical forecast for China Strategic Holdings Limited stock price after Friday trading.
(Updated on Apr 26, 2024)

0235.HK Signals & Forecast

Mostly positive signals in the chart today. The China Strategic Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0276 and HK$0.0277. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for China Strategic Holdings Limited stock

China Strategic Holdings Limited finds support from accumulated volume at HK$0.0270 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0020 (7.69%) between high and low. For the last week, the stock has had daily average volatility of 6.13%.

Our recommended stop-loss: HK$0.0266 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (0235.HK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect China Strategic Holdings Limited to open at HK$0.0273, and during the day (based on 14 day Average True Range), to move between HK$0.0265 and HK$0.0295, which gives a possible trading interval of +/-HK$0.0015 (+/-5.32%) up or down from last closing price. If China Strategic Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.0290 (3.57%) than the support at HK$0.0270 (3.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is China Strategic Holdings Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.522 Buy Candidate Upgraded

Predicted Opening Price for China Strategic Holdings Limited of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.