CFD Trading – Buy Yanzhou Coal (1171.HKE) at $16.35. Stop at $15.30 and Target at $18.00.

YANZHOU COAL   Stock Code 1171.HKE


The outlook of the stock price is bullish as price is trading above the cloud. Price could be consolidating within a Triangle chart pattern, which is one of the continuation patterns. It is also sitting at the base line support currently. The lagging span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. The MACD remains strong and bullish. We are likely to see price breaking out from the Triangle pattern to retest its previous peak at HK$18.00 in the next 1-2 weeks.


$16.35                Buy

$18.00                Price Target

$15.30                Risk Management Stop

2 weeks              Trade Duration

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