CFD Trading – Buy Postal Saving Bank of China (1658.HKE) at $4.05. Stop at $3.59 and Target at $4.68.

Postal Saving Bank of China Co. Stock Code 1658.HKE

Outlook
Price broke above the cloud during the last trading session, changing the stock outlook from bearish to bullish. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. The Base line is acting as support at the moment. Lagging Span is above the price of 26 days ago, but still below the cloud and unable to confirm the trend right now.  MACD has turned bullish, and is moving higher, suggesting a bullish trend ahead. We are likely to see price continuing its upward momentum to $4.68.

Strategy
$4.05                 Buy
$4.68                 Price Target
$3.59                 Risk Management Stop
1 week              Trade Duration

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