FOSUN PHARMA   Stock Code 2196.HKE

Outlook

Price broke out from a Triangle pattern on 16 July and it has been advancing higher since then. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is bullish and is moving higher, suggesting increased upward momentum as well. We are likely to see price continuing its upward strength to move higher to HK$80.68 in the next 1-2 weeks.

Strategy                  

$70.70                Buy

$80.60                Price Target

$64.40                Risk Management Stop

2 weeks              Trade Duration

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