CFD Trading – Buy ICBC (1398.HKE) at $4.16. Stop at $3.95 and Target at $4.60.

ICBC   Stock Code 1398.HKE


Price rebounded with a bullish engulfing candlestick pattern after being supported by the key Fibonacci 62% correction point and the cloud, keeping the uptrend intact. There is a bullish conversion and base lines crossover that hints at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. These could increase chances of the stock price continuing to move higher.


$4.16                 Buy

$4.60                 Price Target

$3.95                 Risk Management Stop

2 weeks              Trade Duration

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