CFD Trading – Buy CRRC (1766.HKE) at $2.71. Stop at $2.55 and Target at $2.93.

CRRC   Stock Code 1766.HKE

Outlook

Price broke and closed above its recent price high resistance during the last trading session. A bullish conversion and base lines crossover is likely in the coming session. MACD has been giving divergence warning that hints at possible bottom. We are likely to see price penetrating its overhead cloud resistance to move higher in the next 1-2 weeks.

Strategy                     

$2.71                 Buy

$2.93                 Price Target

$2.55                 Risk Management Stop

2 weeks              Trade Duration

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