Tag: Sunny Optical

CFD Trading – Buy Sunny Optical (2382.HKE) at $206.00. Stop at $185.00 and Target at $240.00.

Shueh Ting Wong

SUNNY OPTICAL Stock Code 2382.HKE

Outlook
Price has been declining after reaching a high at HK$241.80. It is now sitting at the upper edge of the cloud, which is acting as support at the moment. A potential Morning Star candlestick pattern could have formed and we would like to see a confirmation above HK$205.00 to confirm the low. Conversion and Base lines could be about to have a bullish crossover. The MACD is still strong and bullish and a bullish MACD crossover is likely. We could see price rebounding from the cloud support to retest its high again.

Strategy                  
$206                  Buy
$240                  Price Target
$185                   Risk Management Stop
2 weeks             Trade Duration