NEXTEER Stock Code 1316.HKE
Outlook
Price rebounded after reaching a price low at HK$4.21, three trading sessions ago. A morning star candlestick price pattern was formed, hinting at a possible price reversal. RSI has given a potential divergence warning and it is rising towards its neutral level. We are likely to see price rebounding and move higher in the next 1-2 weeks.
Strategy
$4.85 Buy
$6.40 Price Target
$4.18 Risk Management Stop
2 weeks Trade Duration
NEXTEER Stock Code 1316.HKE
Outlook
Price rebounded from the base line support, which is also the Fibonacci 50% correction point. Conversion and base lines remain in a bullish crossover that hints at a potential upside ahead. MACD has turned bullish and is moving higher, suggesting the bullishness of the stock price. We are likely to see price continuing its upward momentum to move higher.
Strategy
$4.99 Buy
$5.80 Price Target
$4.53 Risk Management Stop
2 weeks Trade Duration
