CFD Trading – Buy Cosco Ship Dev (2866.HKE) at $1.58. Stop at $1.43 and Target at $1.85.

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.


$1.58                 Buy

$1.85                 Price Target

$1.43                 Risk Management Stop

2 weeks             Trade Duration

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