Geely Automobile (HKEX:175) upside remain strong as the trend has been making a series of higher highs and higher lows and the technical indicate further upside:

1. The formation of the pennant indicates a continued bullish up move one prices breaks $35.00.
2. The bullish candle on Monday indicate a strong bullish full body candle, indicating a strong rebound.
3. Prices have been trending above all major moving averages.

*Timeline of the trade is 4 weeks from the date issued.

*Should prices fail to break the resistance of the pennant, the stock may retreat back to the support zone 1.

Investors are advised to read the issuer documents found on SGX website here or the issuer’s DLC website here for the full details of the DLCs including the product features and the risks before investing in the DLCs.