CHINA OILFIELD Stock Code 2883.HKE
Outlook
Price managed to stay within the cloud during its correcting, keeping the uptrend intact. The conversion and base lines remain in a bullish crossover and the base line is acting as support currently. The MACD is strong and bullish, and is turning up. A bullish MACD crossover is likely in the coming session. We are likely to see price continuing to move higher in the next 1-2 weeks.
Strategy
$8.40 Buy
$9.70 Price Target
$7.95 Risk Management Stop
2 weeks Trade Duration
