CFD Trading – Buy Kunlun Energy (0135.HKE) at $6.35. Stop at $6.10 and Target at $7.10.

KUNLUN ENERGY   Stock Code 0135.HKE


Price has been on a decline after reaching a high of HK$7.10. However, price is currently trading around the Fibonacci 50% correction point, which is also near to the cloud support and the gap support zone. Conversion and base lines remain in a bullish crossover and the MACD remains bullish. We think that the price decline could be over and price could be rallying to its previous price high again in the next 1-2 weeks.


$6.35                 Buy

$7.10                 Price Target

$6.10                 Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

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