LONGFOR GROUP Stock Code 0960.HKE
The price rally was resisted by the Base line resistance point and price continues its downward movement after failing to penetrate the Base line. It could be forming a potential Head and Shoulder reversal chart pattern. MACD is bearish and is hinting at the downside. We are likely to see a price decline if it violates its recent low support, which is also the cloud support.
$33.80 Price Target
$38.90 Risk Management Stop
2 weeks Trade Duration