CHINA RES BEER Stock Code 0291.HKE
Outlook
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.
Strategy
$60.50 Buy
$67.50 Price Target
$57.40 Risk Management Stop
2 weeks Trade Duration
