Tag: Xinyi Glass

XINYI GLASS   Stock Code 0868.HKE

Outlook

Price broke and closed above its recent price high with a bullish candlestick, suggesting an increased upward momentum. Conversion and base lines remain in a bullish crossover and are rising and hinting at a bullish price trend. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD is strong and bullish and is rising as well. We are likely to see price continuing its strong upward momentum to move higher.

Strategy                     

$17.56                Buy

$20.40                Price Target

$16.15                Risk Management Stop

2 weeks              Trade Duration

XINYI GLASS   Stock Code 0868.HKE

Outlook
The recent correction has brought price lower to the lower edge of the cloud. Price has rebounded after being supported by the lower edge of the cloud. It has moved and closed above the Base line as well as the cloud today. MACD has remained bullish throughout the correction. There is also a bullish MACD crossover that hint for potential upside ahead. We could see price moving higher to resume its upward momentum and rally to $23.60.

Strategy
$20.96                Buy
$23.60                Price Target
$19.00                Risk Management Stop
2 weeks             Trade Duration