CFD Trading – Sell PICC P&C (2328.HKE) at $7.48. Stop at $7.76. and Target at $6.80.

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.

$7.48                 Sell
$6.80                 Price Target
$7.76                 Risk Management Stop
2 weeks             Trade Duration
Please contact your TR to borrow scrip before shorting.

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