"For the best prospects, do a price and volume check of each week within the stock's base to help you conclude if the stock is showing sound accumulation or too many price and volume defects. Next, do a fundamental analysis checking for excellent earnings, sales, and return on equity." - William J. O'Neil, MarketSmith Founder.
Hong Kong blue chips opened higher with a global rally caused by German and French efforts to ease Europe's credit concerns. Profit-taking cut into gains, but Hong Kong still ended sharply higher.