CFD Trading – Buy China Oilfield (2883.HKE) at $8.20. Stop at $7.50 and Target at $9.70

CHINA OILFIELD   Stock Code 2883.HKE

This stock could have formed a bottom at HK$7.01. There was a divergence warning given from the MACD that hints of a possible price low and a potential rebound ahead. The Conversion line is moving higher and a bullish Conversion and Base line crossover is likely. There is also a bullish MACD crossover that hints for a potential bullish price trend ahead. These could increase the chances of this stock price moving higher from here to the next resistance at HK$9.70

$8.20                 Buy
$9.70                 Price Target
$7.50                 Risk Management Stop
2 weeks             Trade Duration

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