CFD Trading – Buy HKEX (0388.HKE) at $505.00. Stop at $470.00 and Target at $570.00.

HKEX   Stock Code 0388.HKE

Outlook
Price has been moving higher from the base low at HK$421.00. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The MACD has turned bullish and both of its lines are above the zero line and are moving higher. These could increase the chances of the stock price breaking above its overhead cloud resistance to move higher. Price could be moving higher to the previous high at HK$571.

Strategy
$505.00              Buy
$570.00              Price Target
$470.00              Risk Management Stop
2 weeks             Trade Duration

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