Tag: Goldwin

GOLDWIND   Stock Code 2208.HKE

Outlook

Price broke and closed above its recent resistance price high with a bullish candle two days ago, suggesting the bullish momentum of the stock price. Conversion and Base lines remain in a bullish crossover that hints at potential upside ahead. Lagging span confirms the bullish trend. MACD is strong and bullish and is rising above the zero line. We are likely to see price continuing its upward momentum to HK$15.90.

Strategy                  

$13.94                Buy

$15.90                Price Target

$12.75                Risk Management Stop

2 weeks              Trade Duration

GOLDWIND Stock Code 2208.HKE

Outlook
This stock is in a downtrend now as price has been trading below the cloud. The Lagging Span is below the cloud and below price of 26 days ago, confirming the bearish trend. The recent attempt to test the cloud failed as price was capped by the lower edge of the cloud and unable to penetrate above the cloud. There was also a bearish Conversion and Base lines crossover that hints of a potential downside ahead. A bearish MACD crossover is likely. We see price continuing its downward movement to HK$10.92 in the next 2 weeks ahead.

Strategy                  
$13.75                Sell
$11.00                Price Target
$15.30                Risk Management Stop
2 weeks              Trade Duration