Tag: ABC

ABC   Stock Code 1288.HKE

Outlook

Price reached a high of HK$3.07 on 4 April 2022 and was followed by a correction. The correction appears to halt at the upper edge of the cloud support, which is also the Conversion line and gap support as well. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend.  MACD is bullish with both of its lines above the zero line. We see price rebounding to move higher if it able to maintain above the cloud.

Strategy

$2.99                 Buy

$3.25                 Price Target

$2.90                 Risk Management Stop

2 weeks             Trade Duration

ABC Stock Code 1288.HKE

Outlook
Price has been supported by the rising trendline that formed since February 2021 for the past four occasions. As long as this stock is trading above with the rising trendline, the bullish trend remains intact. A bullish Conversion line and Base line crossover is likely in the coming session. Lagging Span is inside the cloud and just above price, unable to confirm the bullish trend. There is a bullish MACD crossover and both of its lines are moving higher towards the zero line. These could increase chances of the stock price moving higher to HK$3.30.

Strategy
$3.12 Buy
$3.30 Price Target
$3.00 Risk Management Stop
2 weeks Trade Duration

Cosco Shipping  Stock Code 1919.HKE

Outlook
Price broke above the cloud two days ago and yesterday, price also broke above a recent high and completed a V-shaped breakout. The V-shaped price breakout has a projection target of $13.10. There is a bullish Conversion and Base lines crossover that hints for potential upside ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish price trend. The MACD is rising after a bullish crossover.

Strategy
$10.00               Buy
$13.00                Price Target
$9.30                 Risk Management Stop
2 weeks            Trade Duration

ABC   Stock Code 1288.HKE

Outlook
Price was able to stay above the resistance-turned-support level since the breakout day on 8 March 2021. There is a bullish Conversion and Base lines crossover that hints for potential upside ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish price trend currently. The MACD is also strong and bullish at the moment. We are likely to see price resuming its upward momentum to move higher to the next resistance level at HK3.45.

Strategy
$3.23                 Buy
$3.45                 Price Target
$3.05                 Risk Management Stop
2 weeks            Trade Duration