CFD Trading – Sell PICC P&C (2328.HKE) at $7.24. Stop at $7.55 and Target at $6.65.

PICC P&C   Stock Code 2328.HKE


The chart outlook remains bearish as price is trading below the cloud. Price further violated its recent price’s low support level, reinforcing the bearish outlook. Both conversion and base lines are heading lower after having a bearish crossover, suggesting a strong bearish price trend. MACD is also bearish and is moving lower. We are likely to see price continuing its downward momentum to move lower in the next 1-2 weeks.


$7.24                 Sell

$6.65                 Price Target

$7.55                 Risk Management Stop

2 weeks              Trade Duration

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