CFD Trading – Buy Xinyi Glass (868.HKE) at $18.58. Stop at $17.50 and Target at $20.93

XINYI GLASS   Stock Code 0868.HKE

Outlook

Price managed to stay above the cloud during a correction after the breakout, keeping the uptrend intact. Conversion line is moving up and a bullish Conversion and Base lines crossover could be likely. MACD is bullish and there is a bullish MACD crossover that hints at increased upward momentum. We are likely to see price continuing its strength to move higher.

Strategy                  

$18.58                Buy

$20.93                Price Target

$17.50                Risk Management Stop

2 weeks              Trade Duration

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