CFD Trading – Buy Chinasoft International (0354.HKE) at $8.56. Stop at $8.03 and Target at $9.50.

CHINASOFT INT’L   Stock Code 0354.HKE

Outlook

Price hit its previous support low at HK$8.05 two days ago, forming potential Double Bottom chart pattern. It could be forming a potential Morning Star reversal candlestick pattern at this support level. Divergence warning was given from the RSI that warns of possible price low. We could see price rebounding from this support level to move higher.

Strategy

$8.56                 Buy

$9.50                Price Target

$8.03                 Risk Management Stop

2 weeks             Trade Duration

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