Tag: China East Air

CHINA EAST AIR   Stock Code 0670.HKE

Outlook

The chart outlook of the stock price is bullish as price is trading above the cloud. Conversion and Base lines had a bullish crossover that hints at a potential upside ahead. Lagging Span is above the price of 26 days ago and the cloud, confirming the bullish price trend. MACD is strong and bullish and is moving higher. MACD is hinting at a bullish price trend. We are likely to see price continuing to move higher to the next resistance point at HK$3.68.

Strategy

$3.38                 Buy

$3.68                 Price Target

$3.20                 Risk Management Stop

2 weeks             Trade Duration

CHINA EAST AIR   Stock Code 0670.HKE

Outlook

Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. A bullish Conversion and Base line crossover is likely, hinting at potential upside ahead. The MACD is still bullish and there is a bullish MACD crossover that hints at potential upward movement. We are likely to see price continuing its upward momentum to move higher to the next resistance point at HK$3.50.

Strategy                  

$3.15                 Buy

$3.50                Price Target

$3.00                Risk Management Stop

2 weeks           Trade Duration