CFD Trading – Buy SHENZHOU INTL (2313.HKE) at $199.70. Stop at $191.00 and Target at $219.90.

SHENZHOU INTL   Stock Code 2313.HKE

Outlook
Price rebounded after being supported by the gap support, keeping the bullish outlook of the stock price intact as it continues to form higher highs and higher lows. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is bullish and a bullish crossover is likely, hinting of a bullish price trend ahead. We could see price continuing its upward momentum to move higher HK$220.73.

Strategy
$199.70              Buy
$219.90              Price Target
$191.00              Risk Management Stop
2 weeks             Trade Duration

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