CFD Trading – Buy Zijin Mining Corp @$5.10. Stop at $4.70 and Target at $5.80

ZIJIN MINING Stock Code 2899.HKE

This stock is currently being supported by the conversion line, which is acting as the first layer of support at the moment. Price has been consolidating within a triangle pattern since 9 July. The momentum indicator, the RSI, is still strong and is rising at the moment. These could increase the chances of stock price breaking above the triangle pattern to move higher towards $5.80, which is the Ichimoku V projection target.

$5.10                 Buy
$5.80                 Price Target
$4.70                 Risk Management Stop
2 weeks Trade Duration

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