CFD Trading – Buy Techtronic Ind (669.HKE) at $92.40. Stop at $86.50 and Target at $100.50.

TECHTRONIC IND Stock Code 669.HKE

Outlook

The chart outlook has turned bullish as price broke and closed above the cloud in the previous trading session. Conversion and base lines are moving towards each other. Lagging span is below price of 26 days ago but is above the cloud. MACD has a bullish crossover and is hinting at a bullish price trend. If price can stay above the cloud, price could be moving higher to HK$100.50 in the next 1-2 weeks.

Strategy

$92.40                Buy

$100.50              Price Target

$86.50                Risk Management Stop

2 weeks             Trade Duration

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