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
