CFD Trading – Buy Fosun Pharma (2196.HKE) at $43.75. Stop at $36.70 and Target at $52.40.

FOSUN PHARMA   Stock Code 2196.HKE


Price broke and closed above its recent price high, suggesting the bullish momentum of the stock price. Price also broke above a small Ichimoku V-shaped structure, hinting at a trend reversal Conversion and Base lines remain in a bullish crossover. Lagging Span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is strong and bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher to HK$52.62.


$43.75                Buy

$52.40                Price Target

$36.70                Risk Management Stop

2 weeks              Trade Duration

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