CFD Trading – Buy Sinopharm (1099.HKE) at $22.40. Stop at $20.50 and Target at $25.80.

SINOPHARM   Stock Code 1099.HKE


The chart outlook remains bullish as price is trading above the cloud. Price has rebounded after being supported by the base line support. Price penetrated and closed above its previous price high resistance in the previous trading session, suggesting the strong upward momentum. MACD is bullish and is rising. We are likely to see price continuing its upward strength to move higher.


$22.40                Buy

$25.80                Price Target

$20.50                Risk Management Stop

2 weeks             Trade Duration

Leave a Reply

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