CFD Trading – Buy TINGYI (0322.HKE) at $15.70. Stop at $14.75 and Target at $17.30.

TINGYI   Stock Code 0322.HKE

Outlook
The outlook of this stock price is bullish as it is trading above the cloud since the breakout day. There was a bullish Conversion and Base lines crossover that hints for the upside. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is bullish and is moving higher, suggesting an increased upward momentum. We could see price breaking above its recent peak to move higher to HK$17.31.

Strategy                  
$15.70                Buy
$17.30                Price Target
$14.74                Risk Management Stop
2 weeks              Trade Duration

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