CRRC Times Electric Stock Code 3898.HKE
Outlook
Price broke above the cloud with a strong candlestick in the previous trading session, hinting at a strong breakout as well as a strong uptrend. Conversion line and base line had a bullish crossover earlier, hinting at a bullish price trend. Lagging span is above price of 26 days ago as well as above the cloud, confirming the bullish price trend. MACD is bullish with both its lines above the zero line. MACD is moving higher and is hinting at a bullish price trend. We foresee price moving higher to the next higher resistance point in the next 1-2 weeks.
Strategy
$52.25 Buy
$60.60 Price Target
$47.20 Risk Management Stop
3 weeks Trade Duration
