Consumer staples is looking to regain its upside after ranging for a period since October 2024. The resistance at HK$82.48 has been tested multiple times and is likely to be weakened, therefore increasing its probability of an upside break. Prices also stays supported above the psychological support of US$80.00 since May 2025. Long-term MACD remain flat and despite the histogram stays negative, the signal line continues to stay elevated above the zero line, which signals a potential chances of breaking to the upside.
Stochastic Oscillator shows a possible crossover above the 50-midpoint line and 23-period ROC is rising again, aiming to break above the zero line. Volume remains in a healthy expansion.
Target will be at 86.00 and 92.35. 78.00 key support will be a good level to add if there's a correction.
Stochastic Oscillator shows a possible crossover above the 50-midpoint line and 23-period ROC is rising again, aiming to break above the zero line. Volume remains in a healthy expansion.
Target will be at 86.00 and 92.35. 78.00 key support will be a good level to add if there's a correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.