CFD Trading – Buy PICC P&C (2328.HKE) at $7.10. Stop at $6.80 and Target at $7.60

PICC P&C   Stock Code 2328.HKE

Outlook

The outlook of this stock remains bullish as price is still trading above the cloud. There is a bullish Conversion and Base lines crossover that hints for potential upside. Price is now trading near to its Base line support with the formation of a Hammer candlestick pattern reinforcing the possibility of a possible low being formed. MACD is still bullish at the moment. These could increase chances of the stock price rebounding from the Base line support to retest its high again.

Strategy                  

$7.10                 Buy

$7.60                 Price Target

$6.80                 Risk Management Stop

2 weeks              Trade Duration

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