CFD Trading – Buy Kunlun Energy (135.HKE) at $6.51. Stop at $6.38 and Target at $7.30.

KUNLUN ENERGY   Stock Code 0135.HKE

Outlook

There was a price correction that brought price lower to the base line, which is currently acting as support. Conversion and base lines remain in a bullish crossover. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains bullish with both of its lines above the zero line. These could increase chances of this stock price rebounding from the base line to move higher.

Strategy

$6.51                 Buy

$7.30                 Price Target

$6.38                 Risk Management Stop

2 weeks             Trade Duration

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