NEXTEER Stock Code 1316.HKE
Outlook
Price is trading above the cloud, which is keeping the uptrend intact. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and is rising, showing the increased upward momentum. We are likely to see price continuing its upward momentum to move higher to HK$7.25 in the next 1-2 week.
Strategy
$6.36 Buy
$7.25 Price Target
$5.85 Risk Management Stop
2 weeks Trade Duration
Outlook
Price has been moving higher from the base low at HK$7.94. There is also a bullish Conversion and Base line crossover that hint for potential upside ahead. The MACD has been picking up the momentum and has been moving higher, suggesting an increased upward momentum. Lagging Span is above price of 26 days ago but is below the cloud. We could see price continuing its upward momentum to move higher to HK$12.32.
Strategy
$10.20 Buy
$12.00 Price Target
$9.25 Risk Management Stop
2 weeks Trade Duration
NEXTEER Stock Code 1316.HKE
Outlook
This is a strong and bullish stock as price has been trading far above the cloud. There is a bullish Conversion line and Base line crossover that hints of a bullish price trend ahead. The Lagging Span is above both the cloud and the price of 26 days ago, confirming the bullish trend. The MACD remains strong and bullish and the fast line is turning up. A bullish MACD crossover is likely in the coming sessions, suggesting more upside ahead. We could see price continue its upward momentum to move higher.
Strategy
$13.50 Buy
$16.90 Price Target
$11.90 Risk Management Stop
2 weeks Trade Duration
