CFD Trading – Buy Nexteer (1316.HKE) at $13.50. Stop at $11.90 and Target at $16.90.

NEXTEER   Stock Code 1316.HKE

This is a strong and bullish stock as price has been trading far above the cloud. There is a bullish Conversion line and Base line crossover that hints of a bullish price trend ahead. The Lagging Span is above both the cloud and the price of 26 days ago, confirming the bullish trend. The MACD remains strong and bullish and the fast line is turning up. A bullish MACD crossover is likely in the coming sessions, suggesting more upside ahead. We could see price continue its upward momentum to move higher.

$13.50                Buy
$16.90               Price Target
$11.90                Risk Management Stop
2 weeks             Trade Duration

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