CFD Trading – Buy MinSheng Bank (1988.HKE) at $4.95. Stop at $4.75 and Target at $5.30.

MINSHENG BANK   Stock Code 1988.HKE

Price has been trading above the cloud, posting the positive outlook of the stock price. There is a bullish Conversion and Base line crossover that hint for the upside ahead. The Lagging Span is also above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD remains bullish and is moving higher. We see price moving higher towards its next resistance level at HK$5.30.

$4.95                 Buy
$5.30                 Price Target
$4.75                 Risk Management Stop
2 weeks             Trade Duration

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