CFD Trading – Buy CSPC Pharma (1093.HKE) at $8.11. Stop at $7.60 and Target at $9.10.

CSPC PHARMA   Stock Code 1093.HKE

Outlook

Price penetrated its recent price high with a bullish candle yesterday. This is a sign that price could go higher as it broke above its resistance level. A bullish Conversion and Base lines crossover is likely in the coming session. MACD is bullish and is rising above its zero line, showing the increased upward momentum. We see price continuing its upward strength to move higher.

Strategy

$8.11                 Buy

$9.10                 Price Target

$7.60                Risk Management Stop

2 weeks            Trade Duration

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