Link Reits Stock Code 823.HKE
Outlook
Price reached a high of HK$73.00 on 11 November and has been on a decline. However, the decline has managed to hold above a previous support line. Price is also supported by the conversion and base lines which are both close to the support, forming a strong support zone. Conversion and base line had a bullish crossover, hinting at a bullish price trend. However, lagging span is unable to confirm this bullish price trend. Fortunately MACD remains bullish and is hinting at a bullish price trend. If price can stay above the upper edge of the cloud, we foresee price moving higher to the next resistance point at HK$74.50 in the coming 1-2 weeks.
Strategy
$71.00 Buy
$74.50 Price Target
$69.90 Risk Management Stop
2 weeks Trade Duration
