Sunny Optical Stock Code 2382.HKE
Price was capped by the upper edge of the cloud two days ago and in the previous trading session, there was a bearish Engulfing candlestick price pattern which confirms the end of the price correction and the resumption of the bearish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bearish and is turning down from the zero line, which is a sign of a bearish price trend ahead. We see the decline going to the previous low at HK$184.05 in the next 2-3 week ahead.
$206.00 Short Sell
$184.05 Price Target
$221.50 Risk Management Stop
3 weeks Trade Duration