JD HEALTH Stock Code 6618.HKE
Outlook
Price rebounded after hitting its previous low support zone for sixth occasions. MACD is turning up and is strengthening, hinting at increased upward momentum. A bullish MACD crossover is likely in the coming session. These could increase chances of the stock price rebounding from this support zone to move higher to its resistance level.
Strategy
$56.85 Buy
$65.85 Price Target
$54.15 Risk Management Stop
2 weeks Trade Duration
JD HEALTH Stock Code 6618.HKE
Outlook
Price managed to stay above the cloud, keeping the uptrend intact. Conversion line is also currently supporting price, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend ahead. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is still strong and bullish. We are likely to see price rebounding from the conversion line to retest its high again in the next 1-2 weeks.
Strategy
$64.10 Buy
$71.80 Price Target
$60.60 Risk Management Stop
2 weeks Trade Duration
