CFD Trading – Buy HUA HONG SEMI (1347.HKE) at $50.60. Stop at $45.90 and Target at $60.70.

HUA HONG SEMI    Stock Code 1347.HKE

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

$50.60                Buy
$60.70                Price Target
$45.90                Risk Management Stop
2 weeks              Trade Duration

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