CFD Trading – Buy Sands China Ltd (1928.HKE) at $18.80. Stop at $16.40 and Target at $21.80.

SANDS CHINA LTD   Stock Code 1928.HKE

Outlook

Price rebounded from the base line support, coinciding with the Fibonacci 50% correction point in the recent correction. The chart outlook has turned bullish as price closed above the cloud in the previous trading session. Conversion and base lines remain in a bullish crossover. MACD is bullish and is turning up, hinting at a bullish price trend. We are likely to see price continuing its upward momentum to move higher.

Strategy

$18.80                Buy

$21.80                Price Target

$16.40                Risk Management Stop

2 weeks             Trade Duration

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