CFD Trading – Buy Bank of China (3988.HKE) at $2.98. Stop at $2.85 and Target at $3.20.

BANK OF CHINA   Stock Code 3988.HKE

This stock is in an uptrend as price has been trading above the cloud. There is still a bullish Conversion and Base lines crossover that hints for a potential upside ahead. The MACD is still strong and bullish with both of its lines far above the zero line. A bullish MACD crossover is likely in the coming session as well, hinting at the increased upward price momentum. We could see price breaking out from its recent price resistance high to continue its rally towards HK$3.19

$2.98                 Buy
$3.20                 Price Target
$2.85                 Risk Management Stop
2 weeks             Trade Duration

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