CFD Trading – Buy Hysan Dev (0014.HKE) at $25.05. Stop at $24.10 and Target at $26.60

HYSAN DEV   Stock Code 0014.HKE

Outlook

Price is currently consolidating within a range of HK$23.55 to HK$25.00. The Bollinger bands are narrowing, hinting at a potential breakout with high volatility ahead. There was a divergence warning given from MACD that hints at a possible price low. We may see price breaking above its upper range of HK$25.00 to move higher to the next price target at HK$26.60 in the next 1-2 weeks ahead.

Strategy                  

$25.05                Buy Stop

$26.60                Price Target

$24.10                Risk Management Stop

2 weeks              Trade Duration

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