CFD Trading – Buy NEXTEER (1316.HKE) at $10.20. Stop at $9.25 and Target at $12.00.

NEXTEER   Stock Code 1316.HKE

Outlook
Price has been moving higher from the base low at HK$7.94. There is also a bullish Conversion and Base line crossover that hint for potential upside ahead. The MACD has been picking up the momentum and has been moving higher, suggesting an increased upward momentum. Lagging Span is above price of 26 days ago but is below the cloud. We could see price continuing its upward momentum to move higher to HK$12.32.

Strategy                 
$10.20                Buy
$12.00                Price Target
$9.25                 Risk Management Stop
2 weeks            Trade Duration

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