CFD Trading – Sell Haitong Intl (0665.HKE) @ $2.05. Stop @ $2.28 & Target @ $1.65

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.

$2.05                 Sell
$1.65                 Price Target
$2.28                 Risk Management Stop
2 weeks Trade Duration

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