HKEX:631 Potential profit 20%

631 has a 9 months trend line which touched 3 times already. It has a great support at 2.93 which is already keep above for several days. MACD signal line is also about to cross zero. The target would be the bottom of the candle stick with very high volume on 26 Apr.

Cut loss @2.71
Target @3.69
Buy in @Current price

Trade active:

It is now formed a double bottom like pattern. update the target to 4.1, which is the target of double bottom. This target is also the previous top. Also update the cut loss at 2.93

Cut loss @2.93
Target @4.1

Trade closed: target reached:

Stop Gain @4.1 as target price