Long Trade in MSCStudio City is a Hong Kong-based resort and casino located in Macau.
After finding support at the HKEX:2 area last year, the stock emerged from its slumber to advance in just two months.
It has been consolidating since January and now appears ready to go another leg higher.
This is a low-priced, thinly traded stock and as such, carries more risk. So, we want to be precise with our entry on this one.
Active traders might consider buying near HKEX:7 with a stop loss at 6.30.
