GREATWALL MOTOR Stock Code 2333.HKE
Outlook
Price has been moving higher after forming a temporary bottom at HK$6.90. The recent minor price correction was halted at the conversion line which is currently acting as support. MACD is rising towards the zero line after having a bullish crossover. We are likely to see price penetrating the base line resistance to move higher to HK$9.80 in the next 1-2 weeks.
Strategy
$8.61 Buy
$9.80 Price Target
$8.10 Risk Management Stop
2 weeks Trade Duration
GREATWALL MOTOR Stock Code 2333.HKE
Outlook
Price broke and closed above the cloud, turning the stock outlook from bearish to bullish. It broke above the descending channel that started since Aug 21 as well. There was a bullish Conversion and Base lines crossover that hints at potential upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is bullish and is still rising. We are likely to see price continuing its upward momentum to move higher towards the channel target at HK$39.70.
Strategy
$35.50 Buy
$39.70 Price Target
$32.70 Risk Management Stop
2 weeks Trade Duration
Outlook
The bullish trend of this stock remains intact as price is still trading above the cloud. Price rebounded from the Base line support yesterday after forming a Bullish Engulfing reversal candlestick pattern, hinting of a potential price’s rally ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is bullish and is moving higher, suggesting the increased upward strength. We are likely to see price resuming its upward momentum to test its previous high.
Strategy
$26.10 Buy
$31.30 Price Target
$23.50 Risk Management Stop
2 weeks Trade Duration
Outlook
Price broke and closed above the declining trendline that formed since January 2021. It has been trading above the cloud as well, posting a positive outlook of the stock price. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. There is also bullish Conversion and Base lines crossover that hints for the upside ahead. The MACD is rising and just had a bullish crossover. We are likely to see price continuing to move higher to HK$31.32.
Strategy
$25.10 Buy
$31.30 Price Target
$21.00 Risk Management Stop
2 weeks Trade Duration
Outlook
Price broke and closed above the cloud during the last trading session, changing the stock outlook from bearish to bullish. The Lagging Span is above the price of 26 days ago but is still inside the cloud. There is a bullish Conversion line and Base line crossover that hints for potential upside ahead. The MACD is bullish and is moving higher. We could see price continuing its upward momentum to the previous high at HK$31.29.
Strategy
$26.00 Buy
$31.30 Price Target
$22.65 Risk Management Stop
2 weeks Trade Duration
