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Hong Kong stocksMarket Updates

China State Construction International Holdings Ltd (3311 HK) : A long position with an entry at 11.62, targeting 12.50

Posted on September 26, 2024 at 9:30 am (GMT+8)

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China State Construction International Holdings Ltd (3311 HK)

  • Current Price Movement: The stock has closed above its 52-week high and is trading above the 5-week EMA. This marks a continuation of a strong bullish trend, supported by increasing volume.
  • Indicators:
    • RSI: Constructive, signaling strong momentum without being overextended.
    • MACD: About to turn positive, suggesting that the upward momentum may accelerate soon.
  • Trading Strategy: A long position with an entry at 11.62, targeting 12.50, and placing a stop at 11.18 offers a good setup given the technical indicators.

    Thank you

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