Tag: GF Sec

GF SEC   Stock Code 1776.HKE

Outlook

Price rebounded from the key Fibonacci 62% correction point of Jul-Sep 21’s rally, which is also near to the resistance-turned-support zone. It broke out from a descending channel four days ago. The Conversion line is acting as support currently. There was also a bullish MACD crossover that hints at increased upward momentum. We are likely to see price testing its previous high at HK$16.00 in two weeks.

Strategy                  

$14.00                Buy

$16.00                Price Target

$13.00                Risk Management Stop

2 weeks              Trade Duration

GF SEC   Stock Code 1776.HKE

Outlook
Price managed to stay above the cloud as well as the Base line which is acting as support at the moment, keeping the bullish trend intact. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The MACD is bullish and a bullish MACD crossover is likely. We see price continuing its upward momentum to HK$13.36

Strategy                  
$12.00                Buy
$13.30                Price Target
$11.30                Risk Management Stop
2 weeks             Trade Duration