Armada Holdings Ltd (0583.HK) HEFFX Trading Outlook

Armada Holdings Ltd (0583.HK) HEFFX Trading Outlook

Armada Holdings Ltd (0583.HK) HEFFX Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 0.16.

The projected upper bound is: 0.21.

The projected lower bound is: 0.17.

The projected closing price is: 0.19.

Armada Holdings closed unchanged at   0.187.  Volume was 100% below average (consolidating) and Bollinger Bands were 325% wider than normal.

Open     High      Low     Close     Volume
0.187    0.187    0.187    0.187           0

Technical Outlook
Short Term:          Neutral
Intermediate Term:   Bullish
Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period
Close:              0.18           0.16           0.15
Volatility:          145             69             40
Volume:        1,560,260        439,965        193,980

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Armada Holdings is currently 27.2% above its 200-period moving average and is in an upward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  Our volume indicators reflect volume flowing into and out of 0583.HK at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on 0583.HK and have had this outlook for the last 13 periods.


Momentum is a general term used to describe the speed at which prices move over a given time period.  Generally, changes in momentum tend to lead to changes in prices.  This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 30.2752.  This is not an overbought or oversold reading.  The last signal was a sell  11 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 61.32.  This is not a topping or bottoming area.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 5 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas.  The current value of the CCI is 64.  This is not a topping or bottoming area.  The last signal was a sell 3 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line.  The last signal was a buy  13 period(s) ago.

Armada Holdings operates through one property segment. The Company’s Property segment holds various commercial and industrial properties in Hong Kong. The Company derives revenue through leasing out its properties. The Company was engaged in newspaper and magazine businesses.


During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles.  During the past 50 bars, there have been 20 white candles and 15 black candles for a net of 5 white candles.

A gravestone doji occurred.  This often signifies a top (the longer the upper shadow, the more bearish the signal).

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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