CFD Trading – Buy China Comm Cons (1800.HKE) at $4.01. Stop at $3.85 and Target at $4.37.

CHINA COMM CONS Stock Code 1800.HKE

Outlook

Price rebounded after being supported by its previous low support zone. A Bullish Engulfing candlestick pattern was formed in the previous session, hinting at a bullish price trend. There is divergence warning given from the MACD that hints at a possible rally ahead. These could increase chances of the stock price rebounding from this support level to move higher to the price target at HK$4.37, in the next 1-2 weeks.

Strategy

$4.01                 Buy

$4.37                 Price Target

$3.85                 Risk Management Stop

2 weeks            Trade Duration

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