Published: Jeu, Novembre 02, 2017
Économie | By Estienne Trouve

Lonrho Mining Ltd (LOM.AX): UO Reading Under 40 for These Shares

Lonrho Mining Ltd (LOM.AX): UO Reading Under 40 for These Shares

A luxury home in The Peak, Hong Kong's most exclusive neighborhood, has sold for HK$1.164 billion (about US$149.2 million), the developers announced Tuesday. Technical analysts may be watching the UO reading to identify oversold conditions. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. The indicator is computed by using the average losses and gains of a stock over a certain time period. Currently, the 200-day MA is sitting at 5.29, and the 50-day is 6.23. In general, if the reading goes above -20, the stock may be considered to be overbought. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis.

Hong Kong Construction (Holdings) Ltd (0190.HK) currently has a 14-day Commodity Channel Index (CCI) of 9.79.

Fundamentalists and value investors are seeing the low ratio of 0.84 as more positive - demonstrating that the company has a great deal of revenue with a fair price. In the short term, he said his political party, Demosisto, will announce a candidate as early as next week to run in an election next year to fill a seat in the city's semi-democratic legislature vacated when Law was disqualified because of a government legal challenge. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction.

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Moving average indicators are used widely for stock analysis.

The sale is the latest move by Li, a self-made billionaire who will celebrate his 90th birthday in July, to unload pricey assets in Hong Kong.

Investors are paying close attention to shares of Hong Kong Construction (Holdings) Ltd (0190.HK). The 14-day RSI is currently sitting at 61.18, the 7-day is at 69.78, and the 3-day is spotted at 85.83 for Lonrho Mining Ltd (LOM.AX). Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. ADX is used to gauge trend strength but not trend direction. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. The RSI may be useful for spotting abnormal price activity and volatility.

Foreign countries must respect China's sovereignty and understand Beijing's strategy on Hong Kong in a "comprehensive and accurate manner", the head of foreign ministry office in Hong Kong told diplomats on Monday.

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