CFD Trading – Buy GAC Group (2238.HKE) at $7.83. Stop at $7.49. and Target at $8.76.

GAC Group Stock Code 2238.HKE


Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. It could be a hint that the price correction since September could have come to an end and a rally to the previous high at HK$8.76 could be about to begin. The lagging span is below price of 26 days ago but is just above the cloud. MACD’s fast line is turning around just below the zero line and a bullish crossover will confirm the bullish price trend. We foresee price staying above the cloud and the support at HK7.52 and moving higher to the previous high at HK$8.76 in the next 2-3 weeks.


$7.83                 Buy

$8.76                 Price Target

$7.49                 Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.