LINK REIT – Tick Insights

LINK REIT Stock Code 0823.HKE

Outlook

The uptrend of the stock price remains intact as price is trading above the cloud. Conversion and Base lines remain in a bullish crossover that hints at the uptrend. MACD is still bullish with both of its lines above the zero line. As long as price stay above the Base line, which is acting as support currently, we see price penetrating above its recent high to move higher.

Strategy

$68.00 Buy

$75.50 Price Target

$66.70 Risk Management Stop

2 weeks Trade Duration

LINK REIT Stock Code 0823.HKE

Outlook
The bullish trend remains intact as price has been trading above the cloud. The recent price correction managed to halt at the Base line, which is acting as the support at the moment. There is a bullish Conversion and Base lines crossover that hints of a bullish price trend. The MACD remains bullish with both of its lines above the zero line and a bullish crossover is likely. These could increase the chances of the stock price resuming its upward momentum to move higher to the resistance level at HK$78.82.

Strategy
$75.00                Buy
$78.80                Price Target
$72.20                Risk Management Stop
2 weeks            Trade Duration