CFD Trading – Buy CKI Holdings (1038.HKE) at $42.30. Stop at $41.40 and Target at $45.00.

CKI HOLDINGS   Stock Code 1038.HKE

Outlook

Price managed to stay inside the cloud, keeping the uptrend intact. It appears to rebound from the cloud support. A bullish conversion and base lines crossover could be likely. There is potential divergence warning given from the MACD that hints at bullish price trend ahead. These could increase chances of the stock price moving higher to HK$45 in the next 1-2 weeks..

Strategy                     

$42.30                Buy

$45.00                Price Target

$41.40                Risk Management Stop

2 weeks              Trade Duration

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