PICC P&C Stock Code 2328.HKE
Outlook
This stock broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. It also penetrated above a 3-month downtrend line that formed since November 2020. Price also broke above a possible big Descending Triangle chart pattern. The Lagging Span is above the price of 26 days ago and the cloud, confirming the bullish trend. There is also a bullish Conversion and Base lines crossover, that hint of a bullish price trend ahead. MACD is bullish and rising from the zero line. This could be the start of a new bullish trend and we could see price moving higher to $7.30 in the next 2 weeks.
Strategy
$6.50 Buy
$7.30 Price Target
$6.10 Risk Management Stop
2 weeks Trade Duration
