COSCO SHIP DEV Stock Code 2866.HKE
Price broke and closed above a descending channel that formed since early April yesterday with a bullish candle, hinting at the increased upward momentum. Conversion line is turning up and a bullish Conversion and Base lines crossover is likely. MACD remains bullish above the zero line and is hinting at a bullish price trend. A MACD bullish crossover is also likely. We are likely to see price continuing its upward strength to move higher.
$1.85 Price Target
$1.43 Risk Management Stop
2 weeks Trade Duration