CFD Trading – Sell Air China (753.HKE) at $5.41. Stop at $5.70 and Target at $4.75.

AIR CHINA   Stock Code 0753.HKE

Outlook

This stock price was resisted by the gap resistance zone on three occasions. Price was unable to sustain above the cloud and in the past three trading session, it has been declining. Price is currently inside the cloud. Lagging span is below the cloud but above the price of 26 days ago. A bearish MACD crossover is likely in the coming session, hinting at a bearish price trend ahead. We are likely to see further price decline.

Strategy

$5.41                 Sell

$4.75                 Price Target

$5.70                 Risk Management Stop

2 weeks             Trade Duration

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