CFD Trading – Buy Sinopharm (1099.HKE) at $17.14. Stop at $15.75 and Target at $19.70.

SINOPHARM   Stock Code 1099.HKE


The chart outlook has turned bullish as price is trading above the cloud. Price broke above a Double Bottom reversal chart pattern as well, hinting at more upside ahead. There is a bullish conversion and base lines crossover. MACD has turned bullish and is moving higher. We are likely to see price continuing its upward strength to move higher.


$17.14                Buy

$19.70                Price Target

$15.75                Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

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