CFD Trading – Buy Sino Biopharm (1177.HKE) at $4.40. Stop at $4.00 and Target at $5.08.

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.


$4.40                 Buy

$5.08                 Price Target

$4.00                 Risk Management Stop

2 weeks             Trade Duration

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