CFD Trading – Buy China Oilfield (2883.HKE) at $8.40. Stop at $7.95 and Target at $9.70.

CHINA OILFIELD   Stock Code 2883.HKE


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.


$8.40                 Buy

$9.70                 Price Target

$7.95                 Risk Management Stop

2 weeks             Trade Duration

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