CFD Trading – Buy CCB (939.HKE) at $5.82. Stop at $5.60 and Target at $6.20.

CCB   Stock Code 0939.HKE

Outlook

The recent price decline was halted at the edge of the cloud support, coinciding with the Conversion line support. Price has rebounded with a Bullish Engulfing candlestick pattern, hinting at potential rally ahead. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging span confirms the bullish price trend. MACD remains bullish. We are likely to see price continuing its upward strength to move higher.

Strategy

$5.82                 Buy

$6.20                 Price Target

$5.60                 Risk Management Stop

2 weeks             Trade Duration

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