Tag: GAC Group

CFD Trading – Buy GAC Group (2238.HKE) at $7.83. Stop at $7.49. and Target at $8.76.

Nicholas

GAC Group Stock Code 2238.HKE

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. It could be a hint that the price correction since September could have come to an end and a rally to the previous high at HK$8.76 could be about to begin. The lagging span is below price of 26 days ago but is just above the cloud. MACD’s fast line is turning around just below the zero line and a bullish crossover will confirm the bullish price trend. We foresee price staying above the cloud and the support at HK7.52 and moving higher to the previous high at HK$8.76 in the next 2-3 weeks.

Strategy                  

$7.83                 Buy

$8.76                 Price Target

$7.49                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy GAC Group (2238.HKE) at $8.40. Stop at $7.55 and Target at $9.70

Shueh Ting Wong

GAC GROUP   Stock Code 2238.HKE

Outlook
There was a price correction that brought price lower to the upper edge of the cloud, which is acting as support at the moment, keeping the bullish trend intact. The MACD is still bullish at the moment, and the fast line is moving higher towards the slower line. A bullish MACD crossover is likely in the coming session, suggesting potential upside ahead. These could increase chances of the stock price rebounding from here to retest the high again.

Strategy
$8.40                 Buy
$9.70                 Price Target
$7.55                 Risk Management Stop
1 week              Trade Duration