CFD Trading – Buy GEELY AUTO (175.HKE) at $24.60. Stop at $22.55 and Target at $29.00.

GEELY AUTO   Stock Code 0175.HKE

The outlook of this stock is bullish as price is trading above the cloud. Price rebounded from the Base line support yesterday after forming a Bullish Engulfing reversal candlestick pattern, suggesting that the recent price correction could have ended. Lagging Span is above price of 26 days ago and is near to at the upper edge of the cloud. A move above would confirm the bullish price trend. The MACD is still bullish at the moment with both of its lines are above the zero line. We could see price continuing its upward momentum to move higher.

$24.60                Buy
$29.00                Price Target
$22.55                Risk Management Stop
2 weeks              Trade Duration

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