CFD Trading – Sell China Comm Cons (1800.HKE) at $3.15. Stop at $3.30 and Target at $2.85.

CHINA COMM CONS   Stock Code 1800.HKE

Outlook

The chart outlook of the stock price remains bearish as price is trading far below the cloud. Conversion and base lines remain in a bearish crossover that hints at the downside ahead. Price is testing its previous low support level and if this support is violated, we are likely to see price falling to HK$2.85 in the next 1-2 weeks.

Strategy                     

$3.15                 Sell

$2.85                 Price Target

$3.30                 Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

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