CFD Trading – Buy China Res Beer (291.HKE) at $48.00. Stop at $43.00 and Target at $55.00.

CHINA RES BEER   Stock Code 0291.HKE

Outlook

Price managed to find support at the base line and is currently being supported by the conversion line.  Conversion and base lines remain in a bullish crossover and is hinting at a bullish price trend. MACD has been rising gradually towards the zero line, suggesting increased upward momentum. We are likely to see price continuing its upward momentum to move higher.

Strategy                  

$48.00                Buy

$55.00                Price Target

$43.00                Risk Management Stop

2 weeks              Trade Duration

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