CFD Trading – Buy CICC (3908.HKE) at $21.80. Stop at $20.50 and Target at $23.80

CICC   Stock Code 3908.HKE


Price managed to stay above the cloud after the breakout occurred two days ago, keeping the positive outlook intact. Both the Conversion and Base lines are moving higher after a bullish crossover, which is a hint of a bullish price trend. The Lagging Span is above the cloud and above the price of 26 days ago, confirming the bullish trend. The MACD has turned bullish and is moving higher, suggesting increased upward strength. We are likely to see price continuing its upward momentum to move higher towards its previous resistance high.


$21.80                Buy

$23.80                Price Target

$20.50                Risk Management Stop

2 weeks             Trade Duration

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