CHINA OILFIELD Stock Code 2883.HKE
Outlook
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
Strategy
$8.20 Buy
$9.70 Price Target
$7.50 Risk Management Stop
2 weeks Trade Duration
