COSCO SHIP HOLD Stock Code 1919.HKE
Outlook
Yesterday, price hit its previous high of HK$4.49, but closed with a Bearish Engulfing candlestick price pattern which is a bearish reversal signal calling for a price decline. There is a divergence warning given from the MACD, which is another hint that price could be reversing. The MACD histogram is losing its upward strength and is weakening, which is another warning sign of a possible price high. These could increase the chances of this stock price reversing from this high and moving lower.
Strategy
$4.27 Sell
$3.75 Price Target
$4.52 Risk Management Stop
2 weeks Trade Duration
