CFD Trading – Buy Sinopharm (1099.HKE) at $21.50. Stop at $20.70 and Target at $23.10

SINOPHARM   Stock Code 1099.HKE


Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. There was a bullish Conversion and Base lines crossover that hints at a potential upside ahead. The MACD is bullish and is rising at the moment, with both of its lines are above the zero line. We are likely to see price continuing its upward strength to move higher to the resistance point at HK$23.09.


$21.50                Buy

$23.10                Price Target

$20.70                Risk Management Stop

2 weeks              Trade Duration

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