CFD Trading – Buy Trad Chi Med (570.HKE) at $5.11. Stop at $4.80 and Target at $5.70.

TRAD CHI MED   Stock Code 0570.HKE

This is an uptrend stock as price has been trading above the cloud. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. There was a bullish Conversion line and Base line crossover that hints for potential upside ahead. The Conversion line is rising and is acting as a price support at the moment. The MACD is also strong and bullish with both its lines high above the zero line. We could see price breaking above its recent high to move higher to the next resistance point at HK$5.70.

$5.11                 Buy
$5.70                 Price Target
$4.80                Risk Management Stop
2 weeks            Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.