YUE YUEN IND Stock Code 0551.HKE
Outlook
Price broke and closed above the cloud yesterday, turning the stock outlook from bearish to bullish. There was a bullish Conversion and Base lines crossover that hints at a potential upside ahead. The Lagging Span is above the price of 26 days ago, but still inside the cloud. The MACD is bullish and is rising, suggesting increased upward strength. We are likely to see price continuing its upward momentum to move higher to the resistance point at HK$19.41.
Strategy
$17.40 Buy
$19.40 Price Target
$16.60 Risk Management Stop
2 weeks Trade Duration
