CFD Trading – Buy PICC P&C (2328.HKE) at $6.80. Stop at $6.30 and Target at $7.80.

PICC P&C   Stock Code 2328.HKE

Outlook
The outlook of this stock price is positive as price has been trading above the cloud. There is also a bullish Conversion and Base lines crossover that hints for potential upside ahead. Price could have formed a potential Rounding Bottom chart pattern, which is one of the reversal patterns. The MACD is also strong and bullish. Both of its lines are still moving higher, suggesting of a strong upward price momentum. We are likely to see price breaking above the HK$6.78 to confirm the chart pattern and to move higher.

Strategy
$6.80                 Buy
$7.80                 Price Target
$6.30                 Risk Management Stop
2 weeks             Trade Duration

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