CFD Trading – Buy KWG Group (1813.HKE) @ $14.30. Stop at $13.75 and Target at $16.60

KWG GROUP Stock Code 1813.HKE

This stock is in an uptrend as it is trading above the cloud. During correction, price has also managed to stay above the cloud, maintaining the bullish trend. There is a bullish Conversion and Base lines crossover during the last trading session, confirming the bullish trend and also hinting at potential upward movement ahead. Yesterday, price also broke above the small rectangle consolidation range. The MACD is bullish and is moving higher. We see price continuing its upward momentum to move higher to the next resistance point at $16.66.

$14.30                Buy
$16.60                Price Target
$13.75                Risk Management Stop
2 weeks              Trade Duration

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