Outlook
Price has hit a low of HK$6.48 on 3 December 2020, approaching the previous support zone back on 19 March 2020. There was a bullish Conversion and Base lines crossover, where the Base line is acting as support at the moment. The MACD is also turning bullish, hinting at potential upside ahead. A new bullish trend will be confirmed once price penetrates and closes above the previous high of HK$7.97, forming the uptrend characteristics of higher highs and higher lows.
Strategy
$7.98 Buy
$8.85 Price Target
$7.35 Risk Management Stop
2 week Trade Duration
