CFD Trading – Buy Kunlun Energy (135.HKE) at $6.60. Stop at $6.25 and Target at $7.15.

KUNLUN ENERGY Stock Code 0135.HKE

Outlook

Price rebounded from the base line which is acting as support at the moment. Conversion and base lines remain in a bullish crossover. Lagging span confirms the bullish price trend. MACD is bullish and is rising, hinting at increased upward momentum. A bullish MACD crossover is likely. We are likely to see price moving higher to the Ichimoku V shaped target price at HK$7.15.

Strategy

$6.60                 Buy

$7.15                 Price Target

$6.25                 Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

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