CFD Trading – Buy China Shenhua (1088.HKE) at $25.15. Stop at $23.95 and Target at $27.40.

CHINA SHENHUA   Stock Code 1088.HKE

Outlook

Price rebounded after being supported by the cloud, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. We are likely to see price continuing its upward momentum to move higher in the next 1-2 weeks.

Strategy

$25.15                Buy

$27.40                Price Target

$23.95                Risk Management Stop

2 weeks             Trade Duration

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