KB LAMINATES Stock Code 1888.HKE
Price ended the day with bearish engulfing candlestick pattern after testing its previous high resistance zone at $8.98. There is also a divergence warning given from the RSI, which could hint for a potential top and a reversal is likely. The RSI is moving lower towards its neutral level as well. We are likely to see price moving lower towards the previous low support at $8.10, or even lower at the cloud support of $7.50, if price breaks below $8.10.
$7.50 Price Target
$9.05 Risk Management Stop
2 weeks Trade Duration