CFD Trading – Sell HUA HONG SEMI (1347.HKE) at $39.20. Stop at $46.40 and Target at $29.00.

HUA HONG SEMI    Stock Code 1347.HKE


Price broke below the cloud since 11 May, turning the stock outlook from bullish to bearish. It attempted to move above the cloud but the attempt was failed, keeping the bearish trend intact. There is a bearish Conversion and Base lines crossover that confirms the bearish trend. Lagging Span is below price of 26 periods ago and is below the cloud, confirming the bearish trend. The MACD has turned bearish and both of its lines are moving lower. These could increase chances of the stock price moving lower to HK$29.03.

$39.20                Sell
$29.00                Price Target
$46.40                Risk Management Stop
2 weeks              Trade Duration
Please call your Trading Representative to borrow scrip before shorting

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