SHK PPT Stock Code 0016.HKE
Outlook
Price managed to stay inside the cloud, keeping the uptrend intact. Conversion line is moving higher and a bullish conversion and base lines crossover could be likely. There is a bullish MACD crossover that hints at potential upside ahead. These could increase chances of the stock price moving higher to HK$115.90 in the next 1-2 weeks.
Strategy
$108.10 Buy
$115.90 Price Target
$105.30 Risk Management Stop
2 weeks Trade Duration
SHK PPT Stock Code 0016.HKE
Outlook
The price correction was halted at the cloud support, which also coincides with the base line support. Conversion and base lines remain in a bullish crossover that hints at a bullish price trend. MACD is bullish and is hinting at bullish movement ahead. We see price rebounding from the support area to move higher to the price target at HK$102.76 in the next 1-2 week.
Strategy
$95.00 Buy
$102.75 Price Target
$92.65 Risk Management Stop
2 weeks Trade Duration
SHK PPT Stock Code 0016.HKE
Outlook
The outlook of this share is bearish as price is trading below the cloud. Conversion and Base lines remains in a bearish crossover from earlier, hinting at a bearish price trend. Lagging Span is below the price of 26 days ago and below the cloud, confirming the bearish trend. MACD is bearish. We are likely to see stock price moving lower to the next support level at HK$81.58 in the next 1-2 weeks.
Strategy
$90.75 Sell
$87.40 Price Target
$92.50 Risk Management Stop
2 weeks Trade Duration
