HYSAN DEV Stock Code 0014.HKE
Outlook
The uptrend remains intact as price is trading above the cloud. Price is consolidating and the conversion line is acting as support currently. Conversion and base line remained in a bullish crossover from earlier, hinting at a bullish price trend. MACD is strong and bullish and is hinting at the bullish trend ahead. We see price breaking out from the consolidation zone to move higher to the price target at HK$26.10 in the next 1-2 weeks’ time.
Strategy
$23.50 Buy
$26.10 Price Target
$22.65 Risk Management Stop
2 weeks Trade Duration
