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Maanshan Iron & Steel Company (0323.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Feb 2017NoneDojiTue, 14 Feb 2017-4.42%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
2.81 0.00 (0%) Feb 17 5:09am HKT
Open: 2.83 Range: 2.72 - 2.87 Vol: 19.37M Avg Vol: 19.7M
EPS: -0.73 P/E ratio: 0.00 EBITDA: 341.82M Mkt Cap: 4.87B
Analyze "0323.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 2.88
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 2.82
Last Trade is above the 50 day moving average at 2.58
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.98
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 0323.HK

Stock Trend Analysis - Buy, Sell or Hold "Maanshan Iron & Steel Company" (0323.HK)?

0323.HK is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 74% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation 0323.HK will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 1.98. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "0323.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Feb 2017
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