Dahua Jixian released a report,ASUS A50 (02823-HK)The stock price stabilized above the cloud support level and just moved above the top of the rising wedge. The rising 9-day (orange) and 26-day (green) moving averages are playing a supporting role. The daily chart RSI has crossed the downtrend line and is moving higher. The MACD is bullish and above level 0, while the MACD bar chart is expanding upward.

The A50 purchase range for ASUS is HK$17.92 to HK$17.94. As long as it holds at HK$17.30, it is expected to rise further to HK$18.50 and HK$19.00. If it falls below HK$17.30, it means that the upward traversal is a false breakthrough and investors should close their positions to control risk. The expected average time frame is around 2 weeks.