CFD Trading – Buy Xinyi Glass (868.HKE) at $20.96. Stop at $19.00 and Target at $23.60.

XINYI GLASS   Stock Code 0868.HKE

Outlook
The recent correction has brought price lower to the lower edge of the cloud. Price has rebounded after being supported by the lower edge of the cloud. It has moved and closed above the Base line as well as the cloud today. MACD has remained bullish throughout the correction. There is also a bullish MACD crossover that hint for potential upside ahead. We could see price moving higher to resume its upward momentum and rally to $23.60.

Strategy
$20.96                Buy
$23.60                Price Target
$19.00                Risk Management Stop
2 weeks             Trade Duration

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