China Res Beer Stock Code 291.HKE
Outlook
Price broke above the downtrend line and the cloud a week ago and has managed to stay above the downtrend line as well as the cloud, keeping the uptrend intact. Base line is also acting as a support and if price can stay above the base line as well as the cloud, we are likely to see a price move to the next resistance point at HK$70. Conversion and Base lines had a bullish crossover and is hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines above the zero line. MACD is hinting of a bullish price trend ahead.
Strategy
$62.40 Buy
$70.00 Price Target
$59.95 Risk Management Stop
2 weeks Trade Duration
