CHINA RAILWAY Stock Code 0390.HKE
Outlook
Price rebounded after being supported by the cloud support, keeping the uptrend intact. A bullish conversion and base lines crossover is likely in the coming session. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is rising and there is a bullish MACD crossover. We are likely to see price breaking out from the triangle pattern to move higher.
Strategy
$4.38 Buy
$4.90 Price Target
$4.05 Risk Management Stop
2 weeks Trade Duration
2 thoughts on “CFD Trading – Buy China Railway (390.HKE) at $4.38. Stop at $4.05 and Target at $4.90.”