CFD Trading – Buy Sino Biopharm (1177.HKE) at $9.05. Stop at $8.55 and Target at $9.90.


Since making a low on 6 May at HK$7.75, price has been moving higher above the cloud, keeping the bullish trend intact. There was a bullish Conversion line and Base line crossover just a few days ago that hints for potential upside ahead. The Lagging Span is above the cloud and above price of 26 days ago, confirming the bullish trend. The MACD remains bullish and both of its lines are moving higher, hinting of a bullish price trend ahead. We could see price continuing its upward momentum to move higher to HK$9.90 in the next 2 weeks ahead.

$9.05 Buy
$9.90 Price Target
$8.55 Risk Management Stop
2 weeks Trade Duration

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