CG SERVICES Stock Code 6098.HKE
Price broke out from a Flag pattern, which is one of the continuation patterns. There was a bullish Conversion and Base lines crossover that hints at potential upside ahead. Lagging Span is above price of 26 days ago but is below the cloud. The MACD is bullish and is moving higher, suggesting increased upward momentum. We are likely to see price continuing its upward momentum to break above the cloud and to move higher to HK$69.57.
$69.50 Price Target
$58.80 Risk Management Stop
2 weeks Trade Duration