SINOPHARM Stock Code 1099.HKE
Outlook
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.
Strategy
$15.90 Buy
$17.30 Price Target
$15.20 Risk Management Stop
2 weeks Trade Duration
