Tag: PA Gooddoctor

PA GOODDOCTOR   Stock Code 1833.HKE

Outlook

The chart outlook remains bearish as price is trading below the cloud. The cloud is acting as the first layer of resistance. Conversion and base lines had a bearish crossover, confirming the bearish price trend. Lagging span is below price of 26 days ago but is above the cloud. MACD is bearish and is moving lower after having a bearish crossover. These could increase chances of the stock price moving lower in the next 1-2 weeks.

Strategy

$21.50                Sell

$18.75                Price Target

$23.90                Risk Management Stop

2 weeks             Trade Duration

PA GOODDOCTOR   Stock Code 1833.HKE

Outlook

The chart outlook remains bullish as price is trading above the cloud. A Hammer candlestick pattern was formed near the Fibonacci 62% correction point, hinting at the end of a price correction. This correction was also supported by the cloud and conversion line.  Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend ahead. MACD is still bullish at the moment. We are likely to see price rebounding to move higher.

Strategy                     

$19.14                Buy

$22.00                Price Target

$18.00                Risk Management Stop

2 weeks              Trade Duration

PA GOODDOCTOR   Stock Code 1833.HKE

Outlook

The chart outlook of this stock price has turned bullish as price is trading above the cloud. Conversion and base lines remained in a bullish crossover that hints at the bullish price trend. The MACD is bullish and is rising, suggesting the increased upward momentum. We are likely to see price continuing to move higher to the next price resistance at HK$34.40 in the next 1-2 weeks’ time.

Strategy                  

$21.75                Buy

$24.40                Price Target

$20.40                Risk Management Stop

2 weeks              Trade Duration