CFD Trading – Buy GF Sec (1776.HKE) at $14.00. Stop at $13.00 and Target at $16.00

GF SEC   Stock Code 1776.HKE


Price rebounded from the key Fibonacci 62% correction point of Jul-Sep 21’s rally, which is also near to the resistance-turned-support zone. It broke out from a descending channel four days ago. The Conversion line is acting as support currently. There was also a bullish MACD crossover that hints at increased upward momentum. We are likely to see price testing its previous high at HK$16.00 in two weeks.


$14.00                Buy

$16.00                Price Target

$13.00                Risk Management Stop

2 weeks              Trade Duration

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