CFD Trading – Buy Sinopec SEG (2386.HKE) at $3.58. Stop at $3.45. and Target at $3.88.

SINOPEC SEG Stock Code 2386.HKE

Outlook

Price broke and closed above the cloud, turning the chart outlook to bullish. Conversion and base lines remain in a bullish crossover that hints at the bullish price trend. The MACD is strong and bullish, and is rising, suggesting the strong upward momentum. These could increase chances of the stock price moving higher to HK$3.88 in the next 1-2 weeks.

Strategy

$3.58 Buy

$3.88 Price Target

$3.45 Risk Management Stop

2 weeks Trade Duration

2 thoughts on “CFD Trading – Buy Sinopec SEG (2386.HKE) at $3.58. Stop at $3.45. and Target at $3.88.”

Hi Shueh
I notice there is a difference between you chart on price closing above the cloud for Sinopec (2386.HKE) in today’s Tick Insights and that of my tradingview’s chart which shows that price is still below the cloud. The parameters use for both appear to be the same. Is there two different versions of Ichimoku Kinko Hyo. Your enlightenment on it will be helpful. Thank you
Gan Poh Cheok
Client Code 1204938