CFD Trading – Buy PICC P&C (2328.HKE) at $6.50. Stop at $6.10 and Target at $8.50.

PICC P&C   Stock Code 2328.HKE

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.

$6.50                 Buy        
$7.30                 Price Target
$6.10                 Risk Management Stop
2 weeks            Trade Duration

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