SINO BIOPHARM Stock Code 1177.HKE
Price managed to break out from a Flag pattern, which is a continuation patterns. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. MACD has a bullish crossover and is hinting at a bullish price trend. MACD has a bullish divergence early, warning of a price low and a reversal. We are likely to see price continuing its upward momentum to move higher to the next resistance at $HK5.08.
$5.08 Price Target
$4.00 Risk Management Stop
2 weeks Trade Duration