CFD Trading – Buy Haitong Sec (6837.HKE) at $5.05. Stop at $4.73 and Target at $5.48.

HAITONG SEC   Stock Code 6837.HKE

Outlook

Price rebounded from its previous low support zone, which is also the Fibonacci 50% correction point. Conversion line is moving higher and a bullish conversion and base lines crossover is likely. There is a bullish MACD crossover that hints at potential upside ahead. These could increase chances of the stock price moving higher.

Strategy                     

$5.05                 Buy

$5.48                 Price Target

$4.73                 Risk Management Stop

2 weeks              Trade Duration

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