CFD Trading – Buy Kunlun Energy (0135.HKE) at $6.61. Stop at $6.30 and Target at $8.00.

KUNLUN ENERGY   Stock Code 0135.HKE


Price is currently sitting at the Fibonacci 38% correction point. A bullish Engulfing reversal candlestick price pattern was formed yesterday, hinting that the correction could have over. Conversion and base lines remained in a bullish crossover that hints at a bullish price trend. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is strong and bullish. We are likely to see price resuming its upward momentum to move higher.


$6.61                 Buy

$8.00                 Price Target

$6.30                 Risk Management Stop

2 weeks             Trade Duration

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