PRADA Stock Code 1913.HKE
Outlook
The price decline managed to halt at the lower end of the cloud, which is acting as support at the moment. Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. A Bullish Engulfing candlestick pattern was formed yesterday, hinting at potential rebound ahead. The MACD is still bullish and a bullish crossover is likely. We could see price rebounding from the cloud support to retest its previous high again.
Strategy
$57.10 Buy
$65.20 Price Target
$53.30 Risk Management Stop
2 weeks Trade Duration
