CFD Trading – Buy Times Electric (3898.HKE) at $39.15. Stop at $36.60 and Target at $44.10.

TIMES ELECTRIC   Stock Code 3898.HKE

Outlook

Price rebounded from the base line support, coinciding with the upper edge of the cloud support. Conversion and base lines remain in a bullish crossover that hints at the bullish price trend. The lagging span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is bullish and is rising. We are likely to see price continuing its upward momentum to move higher in the next 1-2 weeks.

Strategy

$39.15                Buy

$44.10                Price Target

$36.60                Risk Management Stop

2 weeks             Trade Duration

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