Buy CLP Holdings (0002.HKE) at $79.80. Stop at $77.30 and Target at $87.30

CLP HOLDINGS   Stock Code 0002.HKE

Outlook

Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The MACD is bullish and is moving higher away from the zero line. We are likely to see price resuming its upward momentum to move higher to the next price target at HK$87.54.

Strategy                  

$79.80                Buy

$87.50                Price Target

$77.30                Risk Management Stop

2 weeks              Trade Duration

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