CFD Trading – Sell Goldwin (2208.HKE) at $13.75. Stop at $15.30 and Target at $11.00.

GOLDWIND Stock Code 2208.HKE

This stock is in a downtrend now as price has been trading below the cloud. The Lagging Span is below the cloud and below price of 26 days ago, confirming the bearish trend. The recent attempt to test the cloud failed as price was capped by the lower edge of the cloud and unable to penetrate above the cloud. There was also a bearish Conversion and Base lines crossover that hints of a potential downside ahead. A bearish MACD crossover is likely. We see price continuing its downward movement to HK$10.92 in the next 2 weeks ahead.

$13.75                Sell
$11.00                Price Target
$15.30                Risk Management Stop
2 weeks              Trade Duration

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