PICC P&C Stock Code 2328.HKE
A Bearish Engulfing reversal candlestick pattern was formed during the last trading session after testing its previous high of HK$7.68. It could be a hint of potential Double Top reversal pattern as well. The MACD is still bullish now, but the histogram is losing its upward momentum. We could see a price correction towards the resistance-turned-support zone, which is also near to its Base line support at HK$6.80.
$6.80 Price Target
$7.76 Risk Management Stop
2 weeks Trade Duration
Please contact your TR to borrow scrip before shorting.