Technical Pulse: Power Asset Holdings Ltd November 25, 2021 160

Power Asset Holdings Ltd (HKEX: 6) has finally seen the light at the end of the tunnel after a long downtrend  between July  and October 2021:   


  1. The cup and handle formation is indicative of a bullish reversal.
  2. Looking closely at the handle/range box, the potential for a break to the upside is high after Wednesday’s bullish candle closed above the 9-periods Tenkan-Sen.
  3. Ichimoku is showing a three golden cross signal after the bullish kumo twist last Friday, and Wednesday’s candle traded above the Kumo.
  4. The on-balanced volume uptrend confirms the bullish trend on the price chart.



*Expected timeline of the trade is 15 weeks from the date of report issuance.



Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

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