Agricultural Bank of China Stock Code 1288.HKE
Outlook
Yesterday, this stock price managed to break and close above the cloud, resulting in a bullish trend now. There is a bullish conversion and base lines crossover that confirms the bullish trend after price broke above the cloud. Lagging Span is above the price of 26 days ago, but still below the cloud and unable to confirm the trend right now MACD is still strong and bullish at the moment, as it is trading far above the zero line, suggesting the strong bullish trend ahead. We are likely to see price resuming its upward momentum to $3.10.
Strategy
$2.79 Buy
$3.10 Price Target
$2.58 Risk Management Stop
2 weeks Trade Duration
