CFD Trading – Sell Yanzhou Coal (1171.HKE) at $23.70. Stop at $25.90 and Target at $18.85.

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.


$23.70                Sell

$18.85                Price Target

$25.90                Risk Management Stop

2 weeks              Trade Duration

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