CFD Trading – Buy Yankuang Energy (1171.HKE) at $24.50. Stop at $23.70 and Target at $27.30.

YANKUANG ENERGY   Stock Code 1171.HKE

Outlook

Price managed to stay above the gap support that was created three trading days ago, suggesting the strong upward strength. The middle Bollinger band, which is also the 20-day moving average, is acting as support at the moment. Stochastic is strong and is rising. Stochastic is hinting at a bullish price trend. These could increase the chances of this stock price continuing to move higher.

Strategy                     

$24.50                Buy

$27.30                Price Target

$23.70                Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

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