Tag: Sands China

SANDS CHINA LTD   Stock Code 1928.HKE

Outlook

Price rebounded from the base line support, coinciding with the Fibonacci 50% correction point in the recent correction. The chart outlook has turned bullish as price closed above the cloud in the previous trading session. Conversion and base lines remain in a bullish crossover. MACD is bullish and is turning up, hinting at a bullish price trend. We are likely to see price continuing its upward momentum to move higher.

Strategy

$18.80                Buy

$21.80                Price Target

$16.40                Risk Management Stop

2 weeks             Trade Duration

SANDS CHINA LTD   Stock Code 1928.HKE

Outlook

Price rebounded from the upper boundary of the cloud support with a rising window yesterday, showing the strong upward momentum of the stock price. Conversion and base lines are rising after having a bullish crossover. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is strong and bullish and is rising as well. We are likely to see price continuing to move higher in the next 1-2 weeks.

Strategy

$20.40                Buy

$23.80                Price Target

$18.20                Risk Management Stop

2 weeks             Trade Duration