Cathay Pacific Airways Ltd. (0293.

HK)
Hong Kong stocks, anyone? While not so popular around the world, Hong Kong stocks are actually
attractive. One of its top performers so far is Cathay Pacific.

market.techspeak@gmail.com P a g e |1
Despite its poor finishing on Friday, the airliner is still holding a potential for more gains ahead. It has
done so consistently, with its most serious setback was back in late October when it dropped briefly
below its 50-day EMA. At the moment, RSI is not within the overbought territory, while MACD is still
rising, and EMAs are sloping upwards altogether.

Statistics

Cathay Pacific Scorecard

Week 1 Week 2 YTD

↑ 3.84% ↑ 1.85%
Week 3

↑ 4.31% ↓ 1.30%
Week 4
↑ 64.02%
November Dec MTD

↑ 8.39% ↑ 5.09%
Cathay scored respectable YTD gains of 64.02% so far. Three out of four weeks in November ended in
gains, with the final week saw it fell 1.3%. Despite the setback, throughout November Cathay had gained
8.39%. As for December, within 3 days of December the airliner has returned 5.09%.

The strategy

SUPPORTS LAST RESISTANCES

12/3/2010

22.40 22.78 23.01 23.20 23.39 23.60 24.00 24.44 25.70 25.96 29.00
With its bullish pressure intact, Cathay is expected to fly higher towards HK$29.00 in medium-term.
Lines of resistances lie between HK$24.00 and HK$25.96, while on the downside, support at HK$22.40
should hold to maintain the bullish view. Look to buy dips or to enter directly, or to enter gradually at
each support levels. First target is to break through the recent peak at HK$24.00 before it could set its
sight on subsequent resistances.

Disclaimer: This report is provided for information purposes only. It is not an offer to sell or to buy any
securities. This report has been prepared based on sources believed to be reliable, but there is no
assurance or guarantee regarding its completeness & and accuracy. The author accepts no responsibility
or liability arising from any use of the report.

market.techspeak@gmail.com P a g e |2