GF SEC Stock Code 1776.HKE
Outlook
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.
Strategy
$14.00 Buy
$16.00 Price Target
$13.00 Risk Management Stop
2 weeks Trade Duration
