Sunny Optical 2382:HK hits 10 MA. Bounce time!
Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected.
It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half.
I expect it to hit north of $250 before retracing - though that may take some time.
If I was a punter, I'd be looking out for a bullish harami in the coming days.
It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half.
I expect it to hit north of $250 before retracing - though that may take some time.
If I was a punter, I'd be looking out for a bullish harami in the coming days.