Tag: Hysan Dev

HYSAN DEV   Stock Code 0014.HKE

Outlook

The uptrend remains intact as price is trading above the cloud. Price is consolidating and the conversion line is acting as support currently. Conversion and base line remained in a bullish crossover from earlier, hinting at a bullish price trend. MACD is strong and bullish and is hinting at the bullish trend ahead. We see price breaking out from the consolidation zone to move higher to the price target at HK$26.10 in the next 1-2 weeks’ time.

Strategy

$23.50                Buy

$26.10                Price Target

$22.65                Risk Management Stop

2 weeks             Trade Duration

HYSAN DEV   Stock Code 0014.HKE

Outlook

Price broke and closed above the cloud, changing the chart outlook from bearish to bullish. A bullish Conversion and Base line crossover is likely in the coming session, hinting at potential upside ahead. MACD had a bullish crossover and is rising. We are likely to see price continuing to move higher to the next price resistance at HK$25.40 in the next 1-2 weeks ahead.

Strategy                  

$23.30                Buy

$25.40                Price Target

$22.30                Risk Management Stop

2 weeks              Trade Duration

HYSAN DEV   Stock Code 0014.HKE

Outlook

Price is currently consolidating within a range of HK$23.55 to HK$25.00. The Bollinger bands are narrowing, hinting at a potential breakout with high volatility ahead. There was a divergence warning given from MACD that hints at a possible price low. We may see price breaking above its upper range of HK$25.00 to move higher to the next price target at HK$26.60 in the next 1-2 weeks ahead.

Strategy                  

$25.05                Buy Stop

$26.60                Price Target

$24.10                Risk Management Stop

2 weeks              Trade Duration