CFD Trading – Buy Haidilao (6862.HKE) at $71.10. Stop at $62.80 and Target at $83.00.

HAIDILAO   Stock Code 6862.HKE

Price has rebounded near the upper edge of the cloud support and yesterday, it penetrated above its previous all-time high of HK$70.50. There was a bullish Conversion line and Base line crossover that hints for the bullish price trend ahead. Lagging Span is above price of 26 days ago and is also above the cloud, confirming the bullish price trend. MACD is still strong and bullish, and is moving higher after a bullish crossover was seen. We could see price moving higher towards the Ichimoku V-projection target at HK$83.00.

$71.10                Buy
$83.00               Price Target
$62.60               Risk Management Stop
1 week               Trade Duration

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