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Bank of China (3988.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 24 Mar 2017NoneDojiThu, 23 Mar 2017-0.51%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
3.92 0.00 (0%) Mar 24 4:09am HKT
Open: 3.95 Range: 3.91 - 3.96 Vol: 215.97M Avg Vol: 288.27M
EPS: 0.66 P/E ratio: 5.95 EBITDA: 0.00 Mkt Cap: 327.80B
Analyze "3988.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 3.95
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 3.89
Last Trade is above the 50 day moving average at 3.77
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 3.50
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 3988.HK

Stock Trend Analysis - Buy, Sell or Hold "Bank of China" (3988.HK)?

3988.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 67% 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 3988.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 3.50. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "3988.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 24 Mar 2017
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