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HONGKONG LAND HOLDINGS LTD ORD USD0.10(BERMUDA REG)HONGKONG LAND HOLDINGS LTD ORD USD0.10(BERMUDA REG)HONGKONG LAND HOLDINGS LTD ORD USD0.10(BERMUDA REG)

HONGKONG LAND HOLDINGS LTD ORD USD0.10(BERMUDA REG)

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HKLB trade ideas

Trading strategy for Hongkong Land 1. Trend Analysis Neutral 2.Pattern Analysis Possible Inv H&S, 3.61 for right shoulder Possbile Evening Star candlestick 3.Trendline Analysis Primary Trendline @ yellow line for support 4. Indicator analysis (hourly chart) Stoch Rsi and MACD seems to be losing some strength (bearish) Volume is low Probably due to dividend payout 4h SMA 150 seems to goes well w this counter Trading Plan Wait for entry at 3.6~ 3.62 SL: daily close below 3.45 TP: 5.4 Pls DYODD
SGX:H78
by DailyPriceActionGuru
Why I still have not consider buying Property stocks This was one of the most talked about stocks in our local forum. Many were saying how good it is and how cheap it was (months ago) and they went in at a bargain. Forgive me for not able to furnish you more about the fundamentals but the chart failed to excite me at all. Day chart - bearish 4H - slightly bullish but facing resistance On the macro environment, you already know how severe the impact Covid-19 has caused the whole world to plunge, causing many industries to slow down drastically. Property stocks is one of them. Ask yourself this question wherever you are staying - who are the workers working in the construction site ? Foreign workers , right ? So in Singapore , where we depend so much on them to help us build the properties, be it residential or commercial, they too are hard hit now with the cover-19 . Singapore has order a circuit breaker to get everyone to stay at home. They are now the latest victims of Covid 19. So workers for property developers can't work, the work has to be halted. Developers have a certain time line to complete the construction else they have to pay a fine to the government. Now, how about the consumers ? Are they actively buying ? Read here Really, if I have loads of cash now, I will go scoop up some luxury properties as developers will soon dangle discounts or the heavily leveraged investors have to dispose some of their properties as they cannot afford to flip now with no buyers and serving the loan become a pain. So, now you see the logic why hesitating to buy the property stocks (in any country really) can wait. No hurry.....
SGX:H78
by dchua1969