CFD Trading – Buy Sinopharm (1099.HKE) at $15.90 Stop at $15.20 and Target at $17.30.

SINOPHARM   Stock Code 1099.HKE


The price correction managed to halt at the base line support, coinciding with the Fibonacci 62% correction point. There is a bullish conversion and base lines crossover that hints at potential upside ahead. The MACD is bullish at the moment. We are likely to see price rebounding to move higher if it able to stay above the base line support.


$15.90                Buy

$17.30                Price Target

$15.20                Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

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