CFD Trading – Buy Link Reit (823.HKE) at $71.00. Stop at $69.90 and Target at $74.50

Link Reits Stock Code 823.HKE


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.


$71.00                Buy

$74.50                Price Target

$69.90               Risk Management Stop

2 weeks Trade Duration

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