YANZHOU COAL Stock Code 1171.HKE
The price rebound was capped by the Base line resistance, which is also near to the Fibonacci 50% correction point. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. MACD is bearish and is moving lower, showing the increased downward momentum. We see price continuing its downward strength to move lower.
$18.85 Price Target
$25.90 Risk Management Stop
2 weeks Trade Duration