Buy Power Assets (0006.HKE) at $49.80. Stop at $48.50 and Target at $52.80

POWER ASSETS   Stock Code 0006.HKE


Price penetrated above its recent high after being supported by both the Conversion and Base lines which are acting as support at the moment. There was a bullish Conversion and Base lines crossover that hints of a potential upside ahead. During the pullback, price was able to stay above the cloud, keeping the uptrend intact. The MACD is bullish and is moving higher, suggesting an increased upward momentum. We are likely to see price resuming its upward momentum to move higher to the next price target at HK$52.87.


$49.80                Buy

$52.80                Price Target

$48.50                Risk Management Stop

2 weeks             Trade Duration

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