CFD Trading – Buy OOIL (316.HKE) at $194.60. Stop at $183.00 and Target at $223.00

OOIL   Stock Code 0316.HKE


Price broke and closed above its recent high resistance during the last trading session with a gap up, which is a strong bullish sign of the upward momentum. There was a bullish Conversion and Base line crossover which is hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is strong and bullish and it is rising, suggesting an increased upward momentum. We are likely to see price resuming its upward strength to move higher to HK$223 in the next 1-2 week.


$194.60              Buy

$223.00              Price Target

$183.00              Risk Management Stop

2 weeks             Trade Duration

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