Outlook
Price reached a high of HK$1.81 on 25 November 2020 and has been on a decline since then. This decline could have ended as it has supported above the cloud, keeping the bullish trend intact. The Conversion line is moving higher and a bullish Conversion and Base line crossover could be likely. The MACD remains bullish and there is a bullish MACD crossover that hints of a bullish price trend ahead. We see price resuming its upward momentum and moving higher to HK1.95 in the next two weeks.
Strategy
$1.70 Buy
$1.95 Price Target
$1.54 Risk Management Stop
2 week Trade Duration
