Company profile: Hang Lung Properties Limited, through its subsidiaries, invests in, develops, and manages properties. The Company also manages parking lots.
With the completion of a H&S reversal formation on the weekly chart, sellers have pushed prices below the primary trend line of 2003. This is a huge deterioration in the long-term outlook with steady declines likely to bring prices back towards ~20 and even the 14.50<>14.30 zone over the next 12 month period. Focus is on the down side as long as 26.35 holds out.
- Primary trend: negative
- Outlook: negative, sell/avoid
- Support: 21.34 / 19.97 / 14.50*
- Resistance: 26.35 / 32.10
Monthly chart Hang Lung Properties (HK:101)
Category: Hong Kong