Support 1: 33.35                     Resistance 1: 37.20

Sands China (HK: 1928) have been moving within a range since the start of 2019. We expect a bullish reversal based on the technicals:

1. Strong bullish hammer closing above 88.6% Fibonacci retracement of the total range. Also, the hammer closing price close above the 34.00 psychological price level.
2. Since the bullish closure above 33.25, the stock had formed a double bottom formation.
3. Strong RSI divergence displaying positive momentum ahead.
4. Price has been trending lower at the bottom of the range and therefore, the probability of a strong upside is very high.

CHART LEGENDS

Relative Strength Index

Periods= 14

Red line= 60 overbought line

Green line = 40 oversold line