CFD Trading – Buy PetroChina (0857.HKE) at $3.95. Stop at $3.73 and Target at $4.20.

PETROCHINA   Stock Code 0857.HKE


Price broke and closed above the cloud on 12 Jan 2022, changing the chart outlook to bullish. It managed to stay above the cloud since then, keeping the bullish trend intact. Lagging Span is above the price of 26 days ago and the cloud, confirming the bullish trend. There is a bullish Conversion and Base line crossover that hints at potential upside ahead. MACD remains bullish and is moving higher. We are likely to see price continuing to move higher.


$3.95                 Buy

$4.20                Price Target

$3.73                 Risk Management Stop

2 weeks             Trade Duration

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