CFD Trading – Buy ASM Pacific (522.HKE) at $112.00. Stop at $105.00 and Target at $122.00.

ASM PACIFIC   Stock Code 0522.HKE

The outlook of this stock price is bullish as price has been trading above the cloud and has managed to stay above the cloud recently keeping the bullish trend intact. There was also bullish Conversion and Base lines crossover that hints of a bullish price trend ahead. 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 are likely to see price moving higher towards the next price high at HK$122.44 in the next 1-2 week ahead.

$112.00              Buy
$122.00              Price Target
$105.00              Risk Management Stop
2 weeks              Trade Duration

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