CFD Trading – Buy Hysan Dev (0014.HKE) at $23.50 Stop at $22.65 and Target at $26.10.

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

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