CFD Trading – Buy ASM Pacific (522.HKE) at $112.00. Stop at $105.00 and Target at $122.00.

ASM PACIFIC   Stock Code 0522.HKE

The outlook of this stock price is bullish as price has been trading above the cloud and has managed to stay above the cloud recently keeping the bullish trend intact. There was also bullish Conversion and Base lines crossover that hints of a bullish price trend ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is bullish and is moving higher, suggesting an increased upward momentum. We are likely to see price moving higher towards the next price high at HK$122.44 in the next 1-2 week ahead.

$112.00              Buy
$122.00              Price Target
$105.00              Risk Management Stop
2 weeks              Trade Duration

CFD Trading – Sell ASM Pacific(0522.HKE) @ $82.90. Stop at $86.50 and Target at $76.50

ASM PACIFIC Stock Code 0522.HKE

Price broke below the cloud on 20 Aug, turning the stock outlook from bullish to bearish. It also violated the key resistance-turned-support level. There is a bearish Conversion and Base line crossover that hints for potential downside. The MACD is bearish with both of the MACD’s lines are below the zero line. We are likely to see price continue its downward momentum to move lower towards the gap support at HK$76.50. The Ichimoku V-shaped price projection has a target at HK$78 while the N projection has a price target of HK$76.50.

HK$82.90             Sell  
HK$76.50                Price Target
HK$86.50                Risk Management Stop
1 weeks Trade Duration