LONGFOR GROUP Stock Code 0960.HKE
A potential morning star candlestick pattern was formed yesterday at the gap support zone that formed on 16 August. The ability to hold above the gap is a sign that the uptrend is intact. This could be a hint that the price correction could have ended. MACD is turning up, hinting at the increased upward momentum. We are likely to see price rebounding from this support level to retest its recent high again in the next 1-2 weeks.
$30.30 Price Target
$21.85 Risk Management Stop
2 weeks Trade Duration