CFD Trading – Buy Sunny Optical (2382.HKE) at $129.70. Stop at $110.90 and Target at $158.40

SUNNY OPTICAL   Stock Code 2382.HKE

Outlook

Price broke and closed above its recent price high resistance at HK$127.20, triggering a V-shape Ichimoku reversal pattern. There is also a bullish Conversion and Base lines crossover that hints at the possible upside. MACD is bullish and is rising, suggesting the increased upward momentum. We see price breaking above the cloud to move higher.

Strategy

$129.70              Buy

$158.40              Price Target

$110.90              Risk Management Stop

2 weeks             Trade Duration

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