CFD Trading – Short Sell Geely Auto (175.HKE) at $23.64. Stop at $24.90 and Target at $21.36

Geely Auto Stock Code 175.HKE


Price moved below the cloud two days ago and yesterday, price continued to move lower, keeping the bearish trend intact. The strong black candle in the previous trading session is another sign of a bearish price trend. The conversion and base lines had a bearish crossover, hinting at a bearish price trend. The lagging span is below price of 26 days ago and below the cloud, confirming the bearish price trend. The MACD indicator is moving lower and is likely to turn bearish if there is another day of price decline. We think price is likely to decline to the previous low at HK$21.36 in the next 2-3 weeks.


$23.64                Short Sell

$21.36                Price Target

$24.90                Risk Management Stop

3 weeks Trade Duration

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