Hang Seng Bank Stock Code 11.HKE
Price crossed over the cloud in the previous trading session, changing the chart outlook to bullish. The conversion and base lines have not had a bullish crossover as yet. The lagging span is below price of 26 days ago but is above the cloud. MACD is bearish but both its lines are turning around just below the zero line. The first price target is the previous high at HK$149.20. The next price target would be the Fibonacci 127% price projection target at 154.87. We foresee price moving up to the Fibonacci target in the next 2-3 week.
$154.80 Price Target
$139.10 Risk Management Stop
3 weeks Trade Duration