SWIRE PROPERTIES Stock Code 1972.HKE
Outlook
Price has rebounded from the base low at $17.18 since 28 July, and yesterday, it managed to break and close above the cloud, turning the stock outlook from bearish to bullish. Price also managed to penetrate above its previous high of HK$20.35 during the last trading session with s strong bullish white candlestick that closed at its highest as well. There is also a bullish Conversion and Base lines crossover that hint for more potential upside, possibly to the next resistance high at $22.56. The MACD has turned bullish and both of the MACD’s lines are above the zero line. This stock is likely to continue its upward momentum to move higher to the next resistance at $22.56.
Strategy
$20.40 Buy
$22.40 Price Target
$19.30 Risk Management Stop
2 weeks Trade Duration
