CFD Trading – Sell China Lesso (2128.HKE) @ $14.50. Stop at $15.70 and Target at $12.80

CHINA LESSO Stock Code 2128.HKE

Price reached a high of $15.66 on 30th July, but ended the day with a Doji candlestick pattern. A Shooting Star reversal candlestick was followed-through the next trading day, and we have seen a Bearish Engulfing candlestick during the last trading session. These three candlesticks price pattern over the past 3 days are bearish hints and indicating a price decline ahead. There is also divergence warning given from the RSI. These could hint for a price top and we could expect a correction to follow which could bring price to the Base line support.

$14.50                Sell
$12.80                Price Target
$15.70                Risk Management Stop
2 weeks              Trade Duration

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