CFD Trading – Buy Haidilao (6862.HKE) at $17.30. Stop at $16.30 and Target at $19.15.

HAIDILAO   Stock Code 6862.HKE


Price broke out from the consolidation zone as well as the cloud resistance after being supported by the base line and the lower edge of the cloud, turning the chart outlook to bullish. Conversion and base lines had a bullish crossover that hints at potential upside ahead. The lagging span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is bullish and is rising above the zero line. We are likely to see price continuing its upward momentum to move higher to HK$19.15 in the next 1-2 weeks.


$17.30                Buy

$19.15                Price Target

$16.30                Risk Management Stop

2 weeks             Trade Duration

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