CFD Trading – Buy China Oilfield (2883.HKE) at $7.96. Stop at $7.50 and Target at $8.88.

CHINA OILFIELD   Stock Code 2883.HKE


The price correction was halted at the cloud support, keeping the uptrend intact. This support also coincides with the Fibonacci 62% correction point. MACD remains bullish at the moment and the fast line is turning up. We are likely to see price rebounding from this key support zone to retest its recent price high resistance zone again in the next 1-2 weeks.


$7.96                 Buy

$8.88                 Price Target

$7.50                 Risk Management Stop

2 weeks              Trade Duration

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