CFD Trading – Buy Greatwall Motor (2333.HKE) at $8.61. Stop at $8.10 and Target at $9.80.

GREATWALL MOTOR   Stock Code 2333.HKE

Outlook

Price has been moving higher after forming a temporary bottom at HK$6.90. The recent minor price correction was halted at the conversion line which is currently acting as support. MACD is rising towards the zero line after having a bullish crossover. We are likely to see price penetrating the base line resistance to move higher to HK$9.80 in the next 1-2 weeks.

Strategy

$8.61                 Buy

$9.80                 Price Target

$8.10                 Risk Management Stop

2 weeks             Trade Duration

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