Traders can look to buy between HK$2.70-HK$2.90 with a stop loss at HK$2.58. The 1st target price will be HK$3.20, 2nd target price at HK$3.40 and the 3rd target price at HK$3.70. 4th target price at HK$4.00.
Lifetech Scientific Corporation is embarking on the early stages of an uptrend after strong buying pressure present on 26 June and forming a series of higher highs and lows. Price action further is likely to see continuation of the upside:
- The stock saw a strong support above HK$2.68 resistance turned support.
- Ichimoku displayed a three bullish golden cross after Friday’s bullish break above the kumo and 9-period conversion line.
- Stochastic oscillator displayed an oversold crossover and have since crossed above the 20-line.
- MACD histogram is rising trend above the zero line.