CFD Trading – Sell SHK PPT (16.HKE) at $90.75. Stop at $92.50 and Target at $87.40

SHK PPT    Stock Code 0016.HKE


The outlook of this share is bearish as price is trading below the cloud. Conversion and Base lines remains in a bearish crossover from earlier, hinting at a bearish price trend. Lagging Span is below the price of 26 days ago and below the cloud, confirming the bearish trend. MACD is bearish. We are likely to see stock price moving lower to the next support level at HK$81.58 in the next 1-2 weeks.


$90.75                Sell

$87.40                Price Target

$92.50                Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

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