CFD Trading – Buy Nexteer (1316.HKE) at $6.36. Stop at $5.85 and Target at $7.25.

NEXTEER   Stock Code 1316.HKE

Outlook

Price is trading above the cloud, which is keeping the uptrend intact. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and is rising, showing the increased upward momentum. We are likely to see price continuing its upward momentum to move higher to HK$7.25 in the next 1-2 week.

Strategy

$6.36                 Buy

$7.25                 Price Target

$5.85                 Risk Management Stop

2 weeks            Trade Duration

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