CFD Trading – Buy China Comm Cons (1800.HKE) at $4.50. Stop at $4.35 and Target at $4.80

CHINA COMM CONS   Stock Code 1800.HKE


Price has been on a decline after reaching a high at HK$5.17. It is currently sitting at the cloud, which is acting as key support at the moment. The bullish price trend remains intact as price is still trading above the cloud. MACD is still bullish as the slow line is still above the zero line. We are likely to see price rebounding from the cloud support to move higher to the previous support turned resistance line at $HK4.80 in the next 1-2 weeks.


$4.50                 Buy

$4.80                 Price Target

$4.35                 Risk Management Stop

2 weeks             Trade Duration

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