Wing Tai 3 Nov 2015

Post below is not a buy/sell call. Main purpose is to share on the Technical Analysis. Using different indicators will allow us to find a better entry for trading or even long term investing.

Wing Tai (XD 3 Nov)

Fibonacci: Broke down 61.8% ($1.709)
Stochastic: Signals heading into oversold region
Moving Averages: 20dma seems to change trend

Comments: Look to see if the counter will trend down to 78.6% Fibo level for a bounce. Bullish crossover of stochastic signals in the oversold region might fuel an upside from a 78.6%

Possible Entry: $1.645
First Target Price: $1.71
Second Target Price: $1.755
Upside: About 4% – 6.6%

Timeframe: 1 month – 2 months

(Click image for bigger picture.)

Wing Tai 3 Nov 2015

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