CFD Trading – Buy China Eastern Airlines (0670.HKE) @ $3.54. Stop at $3.32 and Target at $3.83

CHINA EASTERN AIRLINES  Corp Stock Code 0670.HKE

Outlook
Price managed to stay above the cloud after the breakout on 10 November, keeping the bullish trend intact. There was a bullish Conversion and Base lines crossover, hinting of a potential uptrend ahead. The Lagging Span is also above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD has turned bullish and is moving higher, which is a hint of a bullish price trend ahead. This stock formed an Ichimoku reversal pattern as well. We could see price rebounding from this resistance-turned-support zone, which coincides with the cloud support, to reach the Ichimoku V-projection target price at HK$3.83.

Strategy                  
$3.54                 Buy
$3.83                 Price Target
$3.32                Risk Management Stop
1 weeks            Trade Duration

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