U-Presid China Stock Code 220.HKE
Price broke above the cloud a few days ago and had managed to stay above the cloud, keeping the uptrend intact. The conversion line is currently providing support to price at HK$7.50. The conversion and base lines had a bullish crossover earlier, hinting at a bullish price trend. The lagging span is above price of 26 days ago but is inside the cloud. The MACD indicator is bullish and hinting at a bullish price trend. We think price is likely to move up to the previous high at HK$8.63 in the next 2-3 weeks.
$8.60 Price Target
$6.98 Risk Management Stop
3 weeks Trade Duration