SH PHARMA Stock Code 2607.HKE
Outlook
Price penetrated and closed above the cloud yesterday, turning the stock outlook from bearish to bullish with a long bullish candle. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. A bullish Conversion and Base line crossover is likely in the coming session. The MACD is also moving higher after having a bullish crossover. We are likely to see price continuing to move higher to the previous high at HK$18.30
Strategy
$16.20 Buy
$18.20 Price Target
$15.35 Risk Management Stop
2 weeks Trade Duration
