CFD Trading – Buy CNBM (3323.HKE) at $10.60. Stop at $10.00 and Target at $11.80

CNBM   Stock Code 3323.HKE


Price managed to stay above the cloud during a price correction, keeping the bullish trend intact. The price correction was halted at the Fibonacci 62% correction point, coinciding with the resistance-turned-support zone. A Hammer reversal candlestick pattern was formed yesterday, hinting of a potential price reversal. The MACD remains bullish and the histogram is strengthening. We are likely to see price resuming its upward momentum to move higher to the next resistance at HK$11.80.


$10.60                Buy

$11.80                Price Target

$10.00                Risk Management Stop

2 weeks             Trade Duration

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