LENOVO GROUP Stock Code 0992.HKE
Outlook
Price rebounded after hitting its previous low support zone. MACD is giving divergence warning that hints at possible price low. The Conversion line is acting as support currently. We are likely to see price penetrating above its previous resistance high and to move higher to the Ichimoku V-shape reversal price target at HK$9.10.
Strategy
$7.85 Buy
$9.10 Price Target
$7.40 Risk Management Stop
2 weeks Trade Duration
LENOVO GROUP Stock Code 0992.HKE
Outlook
Price broke and closed above the cloud yesterday, turning the stock outlook from bearish to bullish. There is also a bullish Conversion and Base lines crossover that hints at potential upside ahead. The Lagging Span is above the price of 26 days ago but is still inside the cloud. The MACD remains bullish and is moving higher, suggesting an increased upward momentum. We are likely to see price continuing its upward strength to move higher.
Strategy
$8.55 Buy
$9.50 Price Target
$7.85 Risk Management Stop
2 weeks Trade Duration
