CFD Trading – Buy BIDU-SW (9888.HKE) at $161.20. Stop at $151.00 and Target at $191.00

BIDU-SW Stock Code 9888.HKE


Price reached a high of HK$178.90 on 22 October and went into a decline. However the decline managed to stay above the cloud, keeping the uptrend intact. Price had also gapped higher in the previous trading session. This could be a sign of a reversal in the downtrend. A price gap and the base line are both currently providing support to the bullish price trend. Conversion and base line remain bullish after an earlier bullish crossover. Lagging Span is above price of 26 periods ago but is inside the cloud. MACD remains in the bullish zone and is hinting of a bullish price trend ahead. We think price is likely to advance to HK$191.00 in the next 2-3 weeks.


$161.20              Buy

$191.00              Price Target

$151.00              Risk Management Stop

3 weeks Trade Duration

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