CFD Trading – Buy Air China (753.HKE) at $5.28. Stop at $5.15 and Target at $5.78

Air China Stock Code 753.HKE


Price reached a high of HK$5.78 on 15 October and went into a decline. The decline is currently near to the cloud support zone as well as a previous resistance turned support line. We think price is likely to be supported around this area. Conversion and base line remain bullish after a bullish crossover earlier. Lagging Span is above price of 26 days ago but is inside the cloud. MACD remains in the bullish zone and is hinting of a bullish price trend ahead. We think price, if it can be supported above the cloud, is likely to advance to HK$5.78 in the next 2-3 weeks.


$5.28                 Buy

$5.78                 Price Target

$5.15                 Risk Management Stop

3 weeks           Trade Duration

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