CFD Trading – Buy Haitong Securities (6837.HKE) at $7.30. Stop at $6.90 and Target at $7.90.

HAITONG SEC   Stock Code 6837.HKE

Outlook
Price has been moving up gradually along with the rising trendline. A price correction from the high also managed to remain above the cloud. The bullish trend remains intact as this stock is trading above the cloud. The momentum indicator, the MACD, is turning up from the zero line and is moving higher. A bullish MACD crossover is likely in the coming session. We could see price resuming its upward strength to retest its high at HK$7.93 again.

Strategy                  
$7.30                 Buy
$7.90                 Price Target
$6.90                 Risk Management Stop
2 weeks              Trade Duration

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