CFD Trading – Buy China Oilfield Services (2883.HKE) at $6.35. Stop at $5.70 and Target at $7.80.

CHINA OILFIELD Services Stock Code 2883.HKE

The stock outlook has turned positive as price is now trading above the cloud. Price broke above the previous high resistance during the last trading session with a long bullish candlestick, which reinforces the bullish trend. There was an earlier bullish Conversion and Base lines crossover that hints of a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is also bullish and is rising further, suggesting more upside ahead. We could see price continuing its upward momentum to move higher.

$6.35                 Buy
$7.80                 Price Target
$5.70                 Risk Management Stop
1 week               Trade Duration

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