CFD Trading – Buy CKI Holdings (1038.HKE) at $43.10. Stop at $41.20 and Target at $48.50.

CKI HOLDINGS   Stock Code 1038.HKE

Outlook

This stock has rebounded after being supported by the cloud support. Price penetrated and closed above the cloud, turning the chart outlook to bullish. Lagging span is below price of 26 days ago but is above the cloud. MACD is turning up and a bullish crossover is likely. These could increase chances of the stock price continuing to move higher.

Strategy                     

$43.10                Buy

$48.50                Price Target

$41.20                Risk Management Stop

2 weeks              Trade Duration

Leave a Reply

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