CFD Trading – Buy China National Building Material Co (3323.HKE) at $10.10. Stop at $9.60 and Target at $11.30.

China National Building Material Co Stock Code 3323.HKE

Outlook
Price is currently supported by both the Conversion and Base lines which are acting as support just below the cloud. While price is below the cloud and bearish, there is a bullish Conversion and Base lines crossover that hints of a bullish price trend ahead. There was a bullish divergence warning given from the MACD indicator that hints of potential price low and a possible reversal in trend. MACD has turned bullish with both its lines above the zero line. These could increase chances of the stock price breaking above the cloud to move higher to HK$11.30. A move above the cloud would be the first step.

Strategy
$10.10                Buy
$11.30                Price Target
$9.60                 Risk Management Stop
1 week               Trade Duration

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