COSCO SHIP HOLDING Stock Code 1919.HKE
Price could have found support at the lower edge of the cloud, which is acting as support at the moment. Conversion and Base lines are close to the lower edge of the cloud as well, providing another layer of support to price. There is a bullish Conversion and Base lines crossover that hints of potential upside ahead. The Lagging span is above the cloud but is still below the price of 26 days ago, unable to confirm the bullish trend. The MACD is rising towards the zero line and there is a bullish MACD crossover. We could see price breaking above the cloud to retest its high.
$11.30 Price Target
$8.50 Risk Management Stop
2 weeks Trade Duration