Tag: Sunny Optical

SUNNY OPTICAL Stock Code 2382.HKE

Outlook

The chart outlook has turned bullish as price broke and closed above the cloud in the previous trading session. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and is moving higher, suggesting the increased upward momentum. We are likely to see price continuing to move higher.

Strategy

$103.80              Buy

$124.90              Price Target

$90.70                Risk Management Stop

2 weeks             Trade Duration

SUNNY OPTICAL   Stock Code 2382.HKE

Outlook

Price broke and closed above its recent price high resistance at HK$127.20, triggering a V-shape Ichimoku reversal pattern. There is also a bullish Conversion and Base lines crossover that hints at the possible upside. MACD is bullish and is rising, suggesting the increased upward momentum. We see price breaking above the cloud to move higher.

Strategy

$129.70              Buy

$158.40              Price Target

$110.90              Risk Management Stop

2 weeks             Trade Duration

SUNNY OPTICAL   Stock Code 2382.HKE

Outlook

Price has been on a decline and has reached its previous low support level. A potential Piercing Line reversal candlestick pattern was seen at this support level in the previous trading session, hinting at a possible price low. The MACD histogram had given a divergence warning that hints at potential rebound ahead. We are likely to see price rebounding from this support level and to move higher to the next price resistance at HK$220.29 in the next 1-2 weeks.

Strategy                  

$192.80              Buy

$220.10              Price Target

$182.30              Risk Management Stop

2 weeks              Trade Duration

Sunny Optical Stock Code 2382.HKE

Outlook

Price was capped by the upper edge of the cloud two days ago and in the previous trading session, there was a bearish Engulfing candlestick price pattern which confirms the end of the price correction and the resumption of the bearish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bearish and is turning down from the zero line, which is a sign of a bearish price trend ahead. We see the decline going to the previous low at HK$184.05 in the next 2-3 week ahead.

Strategy

$206.00              Short Sell

$184.05              Price Target

$221.50              Risk Management Stop

3 weeks Trade Duration