Tag: CRRC

CRRC   Stock Code 1766.HKE

Outlook

This stock is strong and bullish as price is trading above the cloud. Conversion and base lines remain in a bullish crossover. Lagging span confirms the bullish price trend. Price gapped up and broke out from a triangle pattern yesterday. MACD is bullish and is turning up, hinting at the increased upward momentum. We are likely to see price continuing to move higher towards the target price of HK$4.95.

Strategy

$4.41                 Buy

$4.95                 Price Target

$4.25                 Risk Management Stop

2 weeks             Trade Duration

CRRC   Stock Code 1766.HKE

Outlook

Price broke and closed above its recent price high resistance during the last trading session. A bullish conversion and base lines crossover is likely in the coming session. MACD has been giving divergence warning that hints at possible bottom. We are likely to see price penetrating its overhead cloud resistance to move higher in the next 1-2 weeks.

Strategy                     

$2.71                 Buy

$2.93                 Price Target

$2.55                 Risk Management Stop

2 weeks              Trade Duration