CFD Trading – Buy PICC P&C (2328.HKE) at $7.60. Stop at $7.20 and Target at $8.50.

PICC P&C   Stock Code 2328.HKE


The price correction was halted at the lower edge of the cloud support, which is also the Conversion line support. This support zone coincides with the Fibonacci 50% correction point as well as the gap support. MACD is near to the zero line and a bullish crossover is likely, hinting at possible price rally ahead. We are likely to see price rebounding from this strong support zone to move higher to the previous high at HK$8.55 in the next 1-2 weeks.


$7.60                 Buy

$8.50                 Price Target

$7.20                 Risk Management Stop

2 weeks              Trade Duration

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