COSCO SHIP HOLD Stock Code 1919.HKE
Outlook
This stock rebounded after testing its previous low support zone. It is currently in a consolidation phase. The middle Bollinger band, which is also the 20-day moving average, is acting as support. Stochastic is bullish and is rising, suggesting the increased upward momentum. These could increase chances of the stock price resuming its upward momentum to move higher.
Strategy
$11.76 Buy
$12.54 Price Target
$11.20 Risk Management Stop
2 weeks Trade Duration
