WH GROUP Stock Code 0288.HKE
Outlook
Price has formed a base low at HK$5.91. It has been moving higher since that day. Yesterday, it broke above its previous resistance high, forming higher highs and higher lows pattern, hinting of a bullish price trend ahead. There was also bullish Conversion line and Base line crossover that hints for potential upside ahead. The MACD is moving higher towards the zero line. We could see price continuing to move higher towards its resistance zone at HK$7.50.
Strategy
$6.75 Buy
$7.50 Price Target
$6.30 Risk Management Stop
2 weeks Trade Duration
