CFD Trading – Buy China Railway (1800.HKE) at $5.19. Stop at $4.85 and Target at $5.88.

CHINA RAILWAY   Stock Code 0390.HKE

Outlook

Price rebounded after re-testing its previous low support zone. MACD had given a divergence warning. MACD is hinting at possible rally ahead. MACD has a bullish crossover as well. Conversion line is moving higher and is likely to have a bullish crossover with the Base line. These could increase chances of the stock price moving higher to the price target at HK$5.88 in the next 1-2 weeks.

Strategy                

$5.19                 Buy

$5.88                 Price Target

$4.85                 Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.