CFD Trading – Buy Cosco Shipping Holdings (1919.HKE) @ $4.28. Stop at $3.83 and Target at $5.00


This is a strong uptrend stock as price is trading far above both the base line and the cloud. It broke above its recent resistance high of HK$4.15 with a strong bullish candle during the last trading session. Both Conversion and Base lines have a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 periods ago and above the cloud, confirming the bullish trend. The MACD is also strong as both of its lines are far above the zero line. A bullish MACD crossover is likely in the next session, hinting at the increased upward momentum ahead. We are likely to see price moving higher further towards its next resistance.

$4.28                 Buy
$5.00                 Price Target
$3.83                 Risk Management Stop
2 weeks            Trade Duration

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