Kingboard Holding Stock Code 148.HKE
Price managed to stay above the cloud during a price correction, keeping the bullish trend intact. The price correction also stopped at the Fibonacci 62% correction, hinting that the correction is over. Price has also managed to close above the base line resistance in the previous trading session, which could be a hint that price is about to move higher. MACD remains bullish and there is a bullish crossover, which is hinting at a bullish price trend ahead. We see price moving higher to the Fibonacci 138% price projection point at HK$44.83 in the next 2-3 weeks.
$44.80 Price Target
$35.15 Risk Management Stop
3 weeks Trade Duration