CFD Trading – Buy Fosun Pharma (2196.HKE) at $40.50. Stop at $39.00 and Target at $48.20

FOSUN PHARMA   Stock Code 2196.HKE


Price broke and closed above the cloud, changing the chart outlook from bearish to bullish. It penetrated above its recent price high, triggering an Ichimoku V-shaped reversal pattern as well. Both Conversion and Base lines are heading upwards after a bullish crossover, hinting at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. We are likely to see price continuing to move higher to HK$48.21 in the next 1-2 weeks.


$40.50                Buy

$48.20                Price Target

$39.00                Risk Management Stop

2 weeks             Trade Duration

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