CFD Trading – Buy CNBM (3323.HKE) at $10.70. Stop at $9.70 and Target at $12.00.

CNBM   Stock Code 3323.HKE

Outlook

The chart outlook of the stock price is bullish as price is trading above the cloud. Conversion and Base lines had a bullish crossover earlier. Lagging Span is above the price of 26 days ago but is still inside the cloud. MACD is bullish with both of its lines above the zero line. A bullish MACD crossover is hinting at a potential upside. We are likely to see price continuing to move higher to the next price resistance at HK$12.02 in the next 1-2 weeks.

Strategy                  

$10.70                Buy

$12.00                Price Target

$9.70                 Risk Management Stop

2 weeks              Trade Duration

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