CFD Trading – Buy Hang Seng China Enterprises ETF (2828.HKE) at $101.80. Stop at $99.90 and Target at $106.80.

Hang Seng China Enterprises Index ETF Stock Code 2828.HK

Price is currently in the cloud but price has broken above a downtrend line, which could be a hint that the downtrend which started from the high on 7 July could have ended. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment and can only hint of a weak bullish trend at the moment. MACD has a bullish crossover signal while below the zero line but MACD is also rising, and should be crossing over to the bullish zone soon. The Ichimoku chart also has a V-shaped breakout with a V price projection target of $106.80. This is close to a previous high resistance at $106.14.

$101.80              Buy
$106.80              Price Target
$99.90                Risk Management Stop
3 weeks              Trade Duration

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