CKH HOLDINGS (00001.HK) announced that Chow Woo Mo Fong, Susan, who has worked for the group for 23 years, will retire from her position as group Deputy Managing Director and Executive Director of the company with effect from 1 August 2016. After her retirement, Chow will act as adviser and consultant to the company. Chow has confirmed that she has no disagreement with the Board and that she is not aware of any matters relating to her retirement that need to be brought to the attention of the shareholders of the company. ☺ ☺ ☺
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 ...
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