Another spectacular move and this time its by Sunny optical (2382.HK). It was just an alert which we gave our Clients YESTERDAY and we saw it burst into action the moment it broke out. It has hit our first target of $138.20 before some retracement came in. That’s over 8% upside from our entry which we are more than satisfied with.
As for Sunny Optical, there is still some more room for the upside but of course it won’t be in a straight line. Expect some profit taking to set in soon around the $140 mark and then the $146 area. Our middle term target would be around $160. We can see volume coming in over the last few days which can probably help to sustain this upwards movement. Hong Kong once again is gaining more interest as China eases quarantine for overseas arrivals. A right step towards opening up!
Clearer skies ahead!
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Yours
Humbly
Kelwin & Roy
