GREATWALL MOTOR Stock Code 2333.HKE
Price broke and closed above the cloud, turning the stock outlook from bearish to bullish. It broke above the descending channel that started since Aug 21 as well. There was a bullish Conversion and Base lines crossover that hints at potential upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is bullish and is still rising. We are likely to see price continuing its upward momentum to move higher towards the channel target at HK$39.70.
$39.70 Price Target
$32.70 Risk Management Stop
2 weeks Trade Duration