CFD Trading – Buy ABC (1288.HKE) at $3.12. Stop at $3.00 and Target at $3.30.

ABC Stock Code 1288.HKE

Price has been supported by the rising trendline that formed since February 2021 for the past four occasions. As long as this stock is trading above with the rising trendline, the bullish trend remains intact. A bullish Conversion line and Base line crossover is likely in the coming session. Lagging Span is inside the cloud and just above price, unable to confirm the bullish trend. There is a bullish MACD crossover and both of its lines are moving higher towards the zero line. These could increase chances of the stock price moving higher to HK$3.30.

$3.12 Buy
$3.30 Price Target
$3.00 Risk Management Stop
2 weeks Trade Duration

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