CFD Trading – Sell NCI (1336.HKE) @ $29.30. Stop at $31.10 and Target at $25.60

NCI  Stock Code 1336.HKE

Price has moved below the cloud four days ago, turning the stock outlook to be bearish. There is also an earlier bearish Conversion and Base lines crossover that hint of a bearish trend. The Conversion line is heading downwards and is acting as resistance at the moment. Lagging Span is below price of 26 periods ago but is still above the cloud. The MACD has turned bearish and is still moving lower, suggesting the potential downside. A violation of HK$29.35 support would accelerate the downward momentum for price to move lower.

$29.30                Sell
$25.60                Price Target
$31.10                Risk Management Stop
2 weeks              Trade Duration

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