Hutchison Telecom Hong Kong maintain a BUY

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HUTCHISON TELECOMMUNICATIONS HK HOL (HKEX:215)

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HKEX:215 HUTCHISON TELECOMMUNICATIONS HK HOL

trendanalysis indicator hutchison telecom big bath

Hutchison Telecom Hong Kong(215.HK) announced its 1H result, recorded a loss of 96 million HKD. It is already an Non-Event. Look forward, it benefit from the development of NFT. From last month it develop a rectangle pattern but did not drop below 1.45 HKD. It develop strong support at 1.47 - 1.50. Remain Buy.

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Hutchison Telecom Hong Kong plummeted more than 10% yesterday. Its RSI is at 40. If it further weakened to below 30, it is a buying opportunity.