HK SDR Spotlight by Joey Choy: HSBC, Ping An, SMIC
💷HSBC (
$HSBC HK SDR 5to1 (HSHD.SG)$ ) – Strong long-term uptrend. Price broke above HKD115 (S$3.91) resistance and consolidating between HKD115-120 (S$3.91-4.08). Potential entry on dips near resistance. Upside targets HKD130–140 (S$4.42–S$4.76). (SDR ratio 5:1)
🏦 Ping An (
$Ping An Ins HK SDR2to1 (HPAD.SG)$) – Long and short-term trend positive. Price broke HKD60 (S$5.10) level and immediate resis...