CFD Trading – Buy Haitong Securities (6837.HKE) at $6.95. Stop at $6.60 and Target at $7.50.

HAITONG SEC   Stock Code 6837.HKE

Outlook
Yesterday, price broke and closed above the cloud with a bullish candle, which resulted in a positive outlook of this stock. There was also an earlier Conversion and Base lines crossover that hinted for the upward movement. The Lagging Span is above the price of 26 days ago, but still below the cloud at the moment, unable to confirm the bullish trend at the moment. MACD has turned bullish and is rising with both of its lines above the zero line. These could increase chances of the stock price resuming its upward strength to move higher.

Strategy                  
$6.95                 Buy
$7.50                 Price Target
$6.60                 Risk Management Stop
1 week               Trade Duration