Shanghai Ind H Stock Code 363.HKE
Price broke above the cloud, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish, with both lines above the zero line and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at HKD10.62 in the next 2-3 weeks.
$10.60 Price Target
$9.10 Risk Management Stop
3 weeks Trade Duration