Credit Suisse slashed ANTON OILFIELD (03337.HK) -0.370 (-17.209%) Short selling $26.79M; Ratio 24.556% 's
2014-2016 earnings forecasts by 30%-57% to reflect the income trend for
the first nine months of this year, while expecting that the company's
revenue this year would recede 5% and profit for 2014 would decrease
84%. The broker cut the target price from $2 to $1.4 and reiterated the
Underperform rating.
Shanghai Pechem (00338.HK) Trading Sell Last price: HK$2.43 Resistance: HK$2.60 Support: HK$2.27/2.13 Shanghai Pechem closed lower at HK$2.43 in a long dark candle yesterday, short of the 0.38x retracement level at HK$2.41. Given that the Slow Stochastics has breached the previous low and the MACD is under the centreline, the stock is likely to test the 0.5x retracement level at HK$2.27. If the stock breaches this support, it will then test the 0.62x retracement level of HK$2.13. Expected Timeframe: 2 weeks to 2 months Wisdom Group (01661.HK) Trading Sell Last price: HK$5.47 Resistance: HK$5.65 Support: HK$5.22/4.96 Wisdom Group gapped down to re-enter the moving average envelope yesterday on strong volume. With reference to the downside bias of both the Williams’ %R Indicator and the ROC, we expect the stock to test the moving average of the envelope at HK$5.22. If the stock crosses below the moving average of the ...
Comments
Post a Comment