PICC P&C Stock Code 2328.HKE
Outlook
Price is currently having a price correction after hitting a high at HK$8.65. A long-legged Spinning Top candlestick pattern was formed at the Fibonacci 50% correction point yesterday, which could be a hint of a possible rebound. The bullish price trend remains intact and MACD is bullish. We are likely to see price rebounding to retest its previous high of HK$8.60 again in the next 1-2 weeks.
Strategy
$7.68 Buy
$8.60 Price Target
$7.35 Risk Management Stop
2 weeks Trade Duration
