CHINA COMM CONS Stock Code 1800.HKE
The price correction was halted at the Conversion line which is acting as first layer of support currently. This support level coincides with the gap support as well as the Fibonacci 38% correction point. A bullish MACD crossover is likely in the coming session, suggesting potential increased upward momentum. We are likely to see price rebounding from this strong support to move higher to the upper edge of the cloud at HK$4.67 in the next 1-2 weeks.
$4.67 Price Target
$4.00 Risk Management Stop
2 weeks Trade Duration