CFD Trading – Buy China Res Beer (291.HKE) at $60.50. Stop at $57.40 and Target at $67.50

CHINA RES BEER   Stock Code 0291.HKE


Price was supported by the middle Bollinger band, which is also the 20-day moving average. The middle Bollinger band is rising, suggesting a potential bullish price trend ahead. The momentum indicator, the Stochastic, is strong and there is a bullish stochastic crossover that hints at potential upside ahead. We are likely to see price moving higher towards its previous high price resistance at HK$67.53 in the next 1-2 weeks.


$60.50                Buy

$67.50                Price Target

$57.40                Risk Management Stop

2 weeks             Trade Duration

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