CFD Trading – Buy SHK PPT (0016.HKE) at $108.10. Stop at $105.30 and Target at $115.90.

SHK PPT   Stock Code 0016.HKE

Outlook

Price managed to stay inside the cloud, keeping the uptrend intact. Conversion line is moving higher and a bullish conversion and base lines crossover could be likely. There is a bullish MACD crossover that hints at potential upside ahead. These could increase chances of the stock price moving higher to HK$115.90 in the next 1-2 weeks.

Strategy

$108.10              Buy

$115.90              Price Target

$105.30              Risk Management Stop

2 weeks             Trade Duration

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