SUNNY OPTICAL Stock Code 2382.HKE
Price has been declining after reaching a high at HK$241.80. It is now sitting at the upper edge of the cloud, which is acting as support at the moment. A potential Morning Star candlestick pattern could have formed and we would like to see a confirmation above HK$205.00 to confirm the low. Conversion and Base lines could be about to have a bullish crossover. The MACD is still strong and bullish and a bullish MACD crossover is likely. We could see price rebounding from the cloud support to retest its high again.
$240 Price Target
$185 Risk Management Stop
2 weeks Trade Duration