1. PCCW (0008.HK) shows a very solid bottom at $4.20 since 2016. 2. $4.20 did not only show support on Aug 2003, Mar 2005, and Jan 2008 but also set a ceiling from 2008-2013. 3. An up day with strong volume on 27th May. 4. Dividend yield above 7% that suits for mid-run and range trading.
Trades: BUY at any price between $4.20 & $4.40. Upside Target: $4.80 (Actual range: $4.79-$4.86) Downside Stop: $3.95 (Critical support at $3.98)
Trade attivo
Found support around $3.95.
Currently rebound to 21-week EMA.
Trades: Collect at any price above $3.95. Stop: Weekly closing below $3.90
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