CFD Trading – Buy Zijin Mining (2899.HKE) at $9.26. Stop at $8.90 and Target at $9.90.

ZIJIN MINING   Stock Code 2899.HKE

Outlook

Price rebounded from the base line which is acting as support currently. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish and is rising, suggesting the upward momentum ahead. These could increase chances of the stock price moving higher to HK$9.90 in the next 1-2 weeks.

Strategy                  

$9.26                 Buy

$9.90                 Price Target

$8.90                 Risk Management Stop

2 weeks              Trade Duration

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