CFD Trading – Buy Air China (0753.HKE) @ $6.05. Stop at $5.60 and Target at $6.75

AIR CHINA Ltd Stock Code 0753.HKE

There was a big rising window formed on 10 November when price broke above the cloud, changing the stock outlook from bearish to bullish. Price managed to stay above the cloud as well as the window since that day, keeping the uptrend intact. There was a bullish Conversion and Base lines crossover, hinting at the bullish movement ahead. Lagging Span is above price of 26 periods ago as well as above the cloud, confirming the bullish trend. The MACD is also strong and bullish, where both of the MACD’s lines are far above the zero line. Price formed an Ichimoku reversal pattern as well. We could see price moving higher towards the next resistance point at HK$6.75.

$6.05                Buy
$6.75                 Price Target
$5.60                 Risk Management Stop
1 weeks             Trade Duration

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