Haitong Securities (6837.HK): Rebound Expected
Ming Lam August 10, 2020 4:11 PM
On a daily chart, the stock is rebounding from a recent low of HK$6.90...
Haitong Securities (6837.HK) has just reported that net income amounted to 1.40 billion yuan in July, up from 441 million yuan in June and 556 million yuan a year earlier.
Meanwhile, the stock has been rated as “buy” at BOCOM International.
On a daily chart, the stock is Rebounding from a Recent Low of HK$6.90.
Source: GAIN Capital, TradingView
Bullish investors should take this level of HK$6.90 as Key Support (Stop-loss) Level.
The stock has climbed to levels around the 20-day moving average. A further rebound should bring the stock back to HK$8.11 and HK$8.55 on the upside.
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.