CFD Trading – Buy Hysan Dev (14.HKE) at $23.30. Stop at $22.30 and Target at $25.40

HYSAN DEV   Stock Code 0014.HKE

Outlook

Price broke and closed above the cloud, changing the chart outlook from bearish to bullish. A bullish Conversion and Base line crossover is likely in the coming session, hinting at potential upside ahead. MACD had a bullish crossover and is rising. We are likely to see price continuing to move higher to the next price resistance at HK$25.40 in the next 1-2 weeks ahead.

Strategy                  

$23.30                Buy

$25.40                Price Target

$22.30                Risk Management Stop

2 weeks              Trade Duration

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