HUA HONG SEMI Stock Code 1347.HKE
Outlook
Price has been moving higher from the base low at HK$38.10. It is now supported by the Base line. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The MACD indicator has turned bullish and both of its lines are above the zero line. These could increase chances of the stock price breaking above its overhead cloud resistance to move higher to the next resistance high at HK$60.70
Strategy
$50.60 Buy
$60.70 Price Target
$45.90 Risk Management Stop
2 weeks Trade Duration
