SINO BIOPHARM Stock Code 1177.HKE
Outlook
Price rebounded from its recent price low support zone. It penetrated and closed above its recent price high as well, showing the increased upward momentum. There is also a bullish conversion and base lines crossover that hints at potential upside ahead. There is also divergence warning given from MACD. We are likely to see price moving higher.
Strategy
$4.05 Buy
$4.55 Price Target
$3.72 Risk Management Stop
2 weeks Trade Duration
SINO BIOPHARM Stock Code 1177.HKE
Outlook
Price rebounded after being supported by the Base line which is acting as support currently. Conversion and Base lines remain in a bullish crossover that hints at possible upside ahead. MACD is bullish and is rising above the zero line. We are likely to see price continuing its upward momentum to its previous resistance high in the next 1-2 weeks.
Strategy
$4.41 Buy
$5.00 Price Target
$4.10 Risk Management Stop
2 weeks Trade Duration
SINO BIOPHARM Stock Code 1177.HKE
Outlook
Price managed to break out from a Flag pattern, which is a continuation patterns. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD has a bullish crossover and is hinting at a bullish price trend. MACD has a bullish divergence early, warning of a price low and a reversal. We are likely to see price continuing its upward momentum to move higher to the next resistance at $HK5.08.
Strategy
$4.40 Buy
$5.08 Price Target
$4.00 Risk Management Stop
2 weeks Trade Duration
Outlook
Since making a low on 6 May at HK$7.75, price has been moving higher above the cloud, keeping the bullish trend intact. There was a bullish Conversion line and Base line crossover just a few days ago that hints for potential upside ahead. The Lagging Span is above the cloud and above price of 26 days ago, confirming the bullish trend. The MACD remains bullish and both of its lines are moving higher, hinting of a bullish price trend ahead. We could see price continuing its upward momentum to move higher to HK$9.90 in the next 2 weeks ahead.
Strategy
$9.05 Buy
$9.90 Price Target
$8.55 Risk Management Stop
2 weeks Trade Duration
Outlook
Price has hit a low of HK$6.48 on 3 December 2020, approaching the previous support zone back on 19 March 2020. There was a bullish Conversion and Base lines crossover, where the Base line is acting as support at the moment. The MACD is also turning bullish, hinting at potential upside ahead. A new bullish trend will be confirmed once price penetrates and closes above the previous high of HK$7.97, forming the uptrend characteristics of higher highs and higher lows.
Strategy
$7.98 Buy
$8.85 Price Target
$7.35 Risk Management Stop
2 week Trade Duration
