CFD Trading – Buy GAC Group (2238.HKE) at $8.40. Stop at $7.55 and Target at $9.70

GAC GROUP   Stock Code 2238.HKE

There was a price correction that brought price lower to the upper edge of the cloud, which is acting as support at the moment, keeping the bullish trend intact. The MACD is still bullish at the moment, and the fast line is moving higher towards the slower line. A bullish MACD crossover is likely in the coming session, suggesting potential upside ahead. These could increase chances of the stock price rebounding from here to retest the high again.

$8.40                 Buy
$9.70                 Price Target
$7.55                 Risk Management Stop
1 week              Trade Duration

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