CFD Trading – Buy PICC P&C (2328.HKE) at $8.14. Stop at $7.70 and Target at $9.00.

PICC P&C   Stock Code 2328.HKE

Outlook

Price broke and closed above its recent price high with a long bullish candle, showing the strong upward strength. A bullish conversion and base lines crossover is likely in the coming session, hinting at the bullish price trend. The MACD is rising towards the zero line after having a bullish crossover. These could increase chances of the stock price moving higher to HK$9.00 in the next 1-2 weeks.

Strategy                  

$8.14                 Buy

$9.00                 Price Target

$7.70                 Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

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