SHANGHAI PECHEM Stock Code 0338.HKE
Price could have formed a base low at HK$1.39. Price broke and closed above its recent price high resistance yesterday with a bullish candle, hinting at a bullish price trend. Price also triggered an Ichimoku V-shape reversal pattern. Conversion line is turning up and a bullish Conversion and Base lines crossover is likely. MACD is giving a divergence warning that hints at possible bullish price trend ahead. We are likely to see price moving higher.
$1.69 Price Target
$1.40 Risk Management Stop
2 weeks Trade Duration