Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: China Overseas Land & Investment Ltd (688 HK) – Large Base in 2021/2022 – Material Upside in 2023 and more

In today’s briefing:

  • China Overseas Land & Investment Ltd (688 HK) – Large Base in 2021/2022 – Material Upside in 2023

China Overseas Land & Investment Ltd (688 HK) – Large Base in 2021/2022 – Material Upside in 2023

By David Coloretti, CMT

  • At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
  • A large triple bottom in 2021/2022 has confirmed a likely multi-year base and evolving multi-year uptrend. Q1 2023 has delivered a correction within the evolving uptrend.
  • A bullish weekly reversal pattern last week has confirmed that the 2023 correction is likely complete. Initial target at 23.20 (+11%), the break above which will target 27.35 (+30%).

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