Thursday 16 June 2016

Shanghai Disneyland

The Shanghai Disneyland is officially open today, after years of construction.

At today's trading hours in Hong Kong market, Shanghai Jinjiang Hotel International Group (HK:2006) which is the subsidiary of Chinese Government owned Shanghai Sendi Group is trading between $2.84-$2.91. How will the share price perform in the future? We'll see.

As for Hang Seng Index futures, market is trading below 20000 for June contract; after touched highest at 21157 on the 8th of June. So far, the trading range for HSI is between 19900-21157 (1257) in the first half of the month. 

Resistance is found at 21150; next 21350. On the downside, we think market is testing 19448. Further down, 18850 is far support. At the time of writing, HSI June futures contract is trading at 19942 (-327); while cash market is trading at 20108.05 (-359.47). 


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