CFD Trading – Short Sell Beijing Ent (392.HKE) at $27.50. Stop at $28.70 and Target at $24.20

Beijing Ent Stock Code 392.HKE


Price broke below the cloud, changing the chart outlook from bullish to bearish. There was a bearish Conversion and Base lines crossover that hints at a bearish price trend. The Lagging Span is below price of 26 periods ago but is still above the cloud.  The MACD indicator is bearish with both its lines below the zero line. If price can stay below the cloud, we are likely to see a price decline to the previous low support at HK$24.16.


$27.50                Short Sell

$24.20                Price Target

$28.70                Risk Management Stop

3 weeks Trade Duration

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