CFD Trading – Buy China Res Beer (291.HKE) at $55.00. Stop at $52.55 and Target at $59.00.

CHINA RES BEER   Stock Code 0291.HKE


Price rebounded from the Fibonacci 62% correction point. Conversion and Base lines remain in a bullish crossover that hints at a potential upside ahead. Conversion and Base lines are currently supporting price. MACD is bullish and is turning up, and a bullish crossover is likely in the coming session. These could increase chances of the stock price resuming its upward momentum to move higher.


$55.00                Buy

$59.00                Price Target

$52.55                Risk Management Stop

2 weeks             Trade Duration

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