CFD Trading – Buy China Comm Cons (1800.HKE) at $4.05. Stop at $3.90 and Target at $4.33.

CHINA COMM CONS Stock Code 1800.HKE

Outlook

Price managed to stay above the cloud, keeping the bullish price trend intact. Conversion and base lines remain in a bullish crossover. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both of its lines are above the zero line. A bullish MACD crossover is likely in the coming session. These could increase chances of the stock price moving higher.

Strategy                     

$4.05                 Buy

$4.33                 Price Target

$3.90                 Risk Management Stop

2 weeks              Trade Duration

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