CFD Trading – Buy Kerry Log Net (636.HKE) at $24.70. Stop at $23.80 and Target at $26.50

KERRY LOG NET   Stock Code 0636.HKE

Outlook

Price rebounded after being supported by the cloud support that also coincides with the Base line support. The strong candlestick in the previous trading session also hints of a strong bullish price trend. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The Lagging Span is above the cloud and above price of 26 days ago, confirming the bullish trend. The MACD is bullish and is moving higher. We are likely to see price continuing to move higher to $26.50 in the next 1-2 week.

Strategy                  

$24.70                Buy

$26.50                Price Target

$23.80                Risk Management Stop

2 weeks              Trade Duration

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