On Nov 12, I posted that GH model indicated that Cathay Pacific Airways Ltd would head for HK$20.90 with 95% success. Based on the indication, it was suggested that a good entry at that point of time was HK$19.52. The difference between the exit and entry prices would give a profit of 7% for the trade.After the posting on Nov 12, the counter further weakened to a low of HK$18 on Nov 19 before strengthening in the following days. Today, the counter traded at a day high of HK$20.95, fulfilling the target price of HK$20.90 forecasted by GH model. With this, another signal of high success rate had been achieved.
