CFD Trading – Buy ABC (1288.HKE) at $2.99. Stop at $2.90 and Target at $3.25.

ABC   Stock Code 1288.HKE


Price reached a high of HK$3.07 on 4 April 2022 and was followed by a correction. The correction appears to halt at the upper edge of the cloud support, which is also the Conversion line and gap support as well. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend.  MACD is bullish with both of its lines above the zero line. We see price rebounding to move higher if it able to maintain above the cloud.


$2.99                 Buy

$3.25                 Price Target

$2.90                 Risk Management Stop

2 weeks             Trade Duration

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