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Silvernet Group (0622.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 16 Jun 2017Gravestone DojiDojiMon, 12 Jun 2017-4.76%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
0.20 0.00 (0%) Jun 27 11:06pm HKT
Open: 0.204 Range: 0.202 - 0.204 Vol: 1.14M Avg Vol: 28.36M
EPS: 0.10 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: 2.26B
Analyze "0622.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 0.21
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 0.21
Last Trade is below the 50 day moving average at 0.22
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 0.30
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 0622.HK

Stock Trend Analysis - Buy, Sell or Hold "Silvernet Group" (0622.HK)?

0622.HK is in a very strong downtrend. For the last 52 weeks, 0622.HK has maintained to stay firmly below the 200 day moving average for 84% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for 0622.HK is also extremely bearish and weak, having traded almost 93% of the time below the 50 day moving average. The 20 day moving average is also indicating a very strong downtrend as 0622.HK has been trading below its 20 SMA for 90% of the time in the last 8 weeks. 0622.HK may be overdue for a relief rally but it has to be noted that as 0622.HK is still in a strong downtrend characterized by the 200 SMA, currently at 0.30, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "0622.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 16 Jun 2017

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