CHINA TELECOM Stock Code 0728.HKE
Outlook
The chart outlook of the stock price remains bullish as price is trading above the cloud. Conversion and Base lines remain in a bullish crossover from earlier, hinting at a bullish price trend. Base line is acting as support to price at the moment. Lagging Span is above the price of 26 days ago and the cloud, confirming the bullish price trend. MACD is strong and bullish and a bullish crossover is likely. We are likely to see price continuing to move higher to HK$3.43.
Strategy
$3.13 Buy
$3.43 Price Target
$3.00 Risk Management Stop
2 weeks Trade Duration
