CHINA LESSO Stock Code 2128.HKE
Price has been retracing after reaching a high at HK$14.04 on 20 January 2021. This pullback was halted as price rebounded from the upper edge of the cloud, where the Base line is also providing support to the decline. There is a bullish Conversion and Base line crossover that hints for more price advance. Lagging Span is above price of 26 days ago but is inside the cloud, hinting of a weak bullish trend. The MACD remains bullish and the fast line is turning up. A bullish MACD crossover is likely in the coming session. We could see price moving higher to resume its upward momentum.
$15.30 Price Target
$12.70 Risk Management Stop
2 weeks Trade Duration