KINGSOFT Corp Stock Code 3888.HKE
Price reached a high at $47.60 on 13 Jul and has been moving lower since then. The recent three-day rally was capped by the falling Conversion line. Price broke below its previous low support of $36.15 during the last trading session with a bearish candlestick, and could have formed a potential lower highs and lower lows pattern. The RSI is moving below its neutral level at the moment. This stock could move lower towards its resistance-turned-support zone at around $30.50 which is also the cloud support area.
$30.50 Price Target
$37.20 Risk Management Stop
2 weeks Trade Duration