CFD Trading – Sell PA Gooddoctor (1833.HKE) at $21.50. Stop at $23.90 and Target at $18.75.

PA GOODDOCTOR   Stock Code 1833.HKE

Outlook

The chart outlook remains bearish as price is trading below the cloud. The cloud is acting as the first layer of resistance. Conversion and base lines had a bearish crossover, confirming the bearish price trend. Lagging span is below price of 26 days ago but is above the cloud. MACD is bearish and is moving lower after having a bearish crossover. These could increase chances of the stock price moving lower in the next 1-2 weeks.

Strategy

$21.50                Sell

$18.75                Price Target

$23.90                Risk Management Stop

2 weeks             Trade Duration

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