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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 28 Apr 2017NoneDojiThu, 20 Apr 2017-1.87%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
2.63 0.00 (0%) Apr 28 4:09am HKT
Open: 2.54 Range: 2.52 - 2.66 Vol: 28.37M Avg Vol: 20.45M
EPS: -0.73 P/E ratio: 14.83 EBITDA: 758.98M Mkt Cap: 4.56B
Analyze "0323.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 2.58
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 2.77
Last Trade is below the 50 day moving average at 2.87
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 2.30
* 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 very strong uptrend. In the last 52 weeks, 0323.HK has been trading above the 200 day moving average for 86% of the time with an average daily volume of 20.4M shares being traded. The 50 day moving average, currently at 2.87, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. 0323.HK was only able to maintain above the 20 SMA for 27.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in 0323.HK is near the 200 SMA currently at 2.30. 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, 28 Apr 2017

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