HKEX:1571 potential profit 21%

1571 is going to break through a strong resistance level at 3.07, which will also formed a double bottom. As it can stand on the high volume close price with a hammer candle pattern. MACD will also help for this break through as both fast and slow line are above 0. The first target will be the target of the double bottom and also the top of the last downward wave. ADX is also have a positive indication of ADX > 20 and +DI > -DI
Cut loss @2.78
Target @3.69
Buy in current price

Trade active:

update the target to 4.06

Trade closed: stop reached:

cut loss at 2.78 on 2019-05-06