CFD Trading – Sell KB Laminates (1888.HKE) @ $8.50. Stop @ $9.05 & Target @ $7.50

KB LAMINATES Stock Code 1888.HKE

Price ended the day with bearish engulfing candlestick pattern after testing its previous high resistance zone at $8.98. There is also a divergence warning given from the RSI, which could hint for a potential top and a reversal is likely. The RSI is moving lower towards its neutral level as well. We are likely to see price moving lower towards the previous low support at $8.10, or even lower at the cloud support of $7.50, if price breaks below $8.10.

$8.50                 Sell
$7.50                 Price Target
$9.05                 Risk Management Stop
2 weeks              Trade Duration

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