COSCO SHIP HOLD Stock Code 1919.HKE
Outlook
The price decline has brought price lower to the upper edge of the cloud, which is providing support at moment. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The Conversion line is rising, and a bullish Conversion and Base line crossover could be likely, hinting at potential upside ahead. MACD is turning up from the zero line, and a bullish MACD crossover is likely in the coming session. Yesterday, the bullish candlestick which closed above its Base line resistance is hinting this stock could resume its upward momentum to $4.70
Strategy
$4.05 Buy
$4.70 Price Target
$3.60 Risk Management Stop
2 weeks Trade Duration
