SUNNY OPTICAL Stock Code 2382.HKE
Outlook
Price has been on a decline and has reached its previous low support level. A potential Piercing Line reversal candlestick pattern was seen at this support level in the previous trading session, hinting at a possible price low. The MACD histogram had given a divergence warning that hints at potential rebound ahead. We are likely to see price rebounding from this support level and to move higher to the next price resistance at HK$220.29 in the next 1-2 weeks.
Strategy
$192.80 Buy
$220.10 Price Target
$182.30 Risk Management Stop
2 weeks Trade Duration
