CFD Trading – Sell Petrochina (0857.HKE) at $3.32. Stop at $3.50 and Target at $3.00

PETROCHINA    Stock Code 0857.HKE


The downtrend remains intact as price is trading below the cloud. Conversion and base lines remain in a bearish crossover that hints at potential downside ahead. Lagging span is below price of 26 days ago and below the cloud, confirming the bearish price trend.  It further violated its recent price low with a falling window. MACD is bearish and is heading lower. These could increase chances of the stock price moving lower.


$3.32                 Sell

$3.00                 Price Target

$3.50                 Risk Management Stop

2 weeks             Trade Duration

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