HAITONG INT’L Stock Code 0665.HKE
On Wednesday, this stock was resisted by the Fibonacci 50% correction point of the 7-17 Jul price swing, and ended the day with a gravestone Doji candlestick pattern. There is a bearish Conversion and Base lines crossover that hinted for a potential downside ahead. The RSI is moving lower towards its neutral level, and a move below its neutral level would suggest a bearish trend. Price is likely to move lower towards $1.64, which is the Ichimoku N projection target, if price moves below $1.95.
$1.65 Price Target
$2.28 Risk Management Stop
2 weeks Trade Duration