SHENZHOU INTL Stock Code 2313.HKE
Outlook
The recent price decline could have ended as price managed to stay above the gap support that is coinciding with the Conversion and Base lines This triple support is likely to be a strong price support.. A Bullish Engulfing candlestick pattern, which is a bullish price pattern, was seen yesterday. There is a bullish Conversion and Base lines crossover as well which is hinting of a bullish price trend. The MACD is moving higher towards its zero line after having a bullish crossover. We are likely to see price breaking above its recent high as well as the cloud resistance to move higher to HK$201.98 in the next 1-2 week.
Strategy
$179.00 Buy
$202.00 Price Target
$172.00 Risk Management Stop
2 weeks Trade Duration
