CFD Trading – Buy Sinopharm (1099.HKE) at $18.50. Stop at $17.60 and Target at $19.90.

SINOPHARM   Stock Code 1099.HKE


Price managed to break and close above the cloud after being supported by the Conversion line support, changing the chart outlook from bearish to bullish. Conversion and Base lines have a bullish crossover that hints for the uptrend ahead. MACD is bullish and is rising. We are likely to see price moving higher to its previous high at HK$19.90 in the next 1-2 weeks.


$18.50                Buy

$19.90                Price Target

$17.60                Risk Management Stop

2 weeks             Trade Duration

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