CFD Trading – Buy Sinopharm (1099.HKE) at $20.36. Stop at $19.60 and Target at $22.80.

SINOPHARM   Stock Code 1099.HKE

Outlook

This stock is strong and bullish as price is trading far above the cloud. Conversion and base lines remain in a bullish crossover and the base line is acting as support currently. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is strong and bullish. These could increase chances of the stock price moving higher.

Strategy                     

$20.36                Buy

$22.80                Price Target

$19.60                Risk Management Stop

2 weeks              Trade Duration

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