Tag: Techtronic Ind

TECHTRONIC IND Stock Code 669.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 are moving towards each other. Lagging span is below price of 26 days ago but is above the cloud. MACD has a bullish crossover and is hinting at a bullish price trend. If price can stay above the cloud, price could be moving higher to HK$100.50 in the next 1-2 weeks.

Strategy

$92.40                Buy

$100.50              Price Target

$86.50                Risk Management Stop

2 weeks             Trade Duration

TECHTRONIC IND   Stock Code 0669.HKE

Outlook

Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. There was a bullish Conversion and Base lines crossover that hints for the upside ahead. Lagging span is above price of 26 days ago and at the upper edge of the cloud. A price gain in the next trading day will move Lagging Span above the cloud and confirm the bullish trend. The MACD is moving higher and is suggesting an increased upward momentum. We are likely to see price continuing its upward momentum to move higher.

Strategy

$142.50              Buy

$152.00              Price Target

$135.30              Risk Management Stop

2 weeks             Trade Duration