CFD Trading – Sell TG Smart Energy (1083.HKE) at $4.13. Stop at $4.32 and Target at $3.80.

TG SMART ENERGY   Stock Code 1083.HKE

Outlook

Price could have created a price high at HK$4.44. Its recent rebound had failed as price was capped at the Fibonacci 62% correction point. There is potential divergence warning given from the MACD indicator, waring of a possible price high.  A further violation of HK$4.03 will hint at further downside in the next 1-2 weeks.

Strategy                     

$4.13                 Sell

$3.80                 Price Target

$4.32                 Risk Management Stop

2 weeks             Trade Duration

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