CFD Trading – Buy Petrochina (857.HKE) at $3.50. Stop at $3.30 and Target at $3.80

PETROCHINA   Stock Code 0857.HKE


Price continued to move higher with a long bullish candlestick pattern after resting at the cloud support since the breakout. There was also a gap create, hinting of an acceleration in the uptrend. Lagging Span is above the cloud and above the price of 26 days ago, confirming the bullish trend. There is still a bullish Conversion and Base lines crossover that hints for the upside ahead. The MACD is bullish and is moving higher. We are likely to see price continuing to move higher to the next resistance point at HK$3.79.


$3.50                 Buy

$3.80                 Price Target

$3.30                 Risk Management Stop

2 weeks              Trade Duration

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