CFD Trading – Buy U-Presid China (220.HKE) at $7.55. Stop at $6.98 and Target at $8.60

U-Presid China Stock Code 220.HKE


Price broke above the cloud a few days ago and had managed to stay above the cloud, keeping the uptrend intact. The conversion line is currently providing support to price at HK$7.50.  The conversion and base lines had a bullish crossover earlier, hinting at a bullish price trend.  The lagging span is above price of 26 days ago but is inside the cloud. The MACD indicator is bullish and hinting at a bullish price trend. We think price is likely to move up to the previous high at HK$8.63 in the next 2-3 weeks.


$7.55                 Buy

$8.60                 Price Target

$6.98                 Risk Management Stop

3 weeks              Trade Duration

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