CFD Trading – Buy Yankuang Energy (1171.HKE) at $27.00. Stop at $24.85 and Target at $32.10.

YANKUANG ENERGY   Stock Code 1171.HKE

Outlook

The uptrend remains intact as price is trading above the cloud. Conversion and base lines remain in a bullish crossover as well. The lagging span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is bullish and is rising. MACD is hinting at a bullish price trend. We are likely to see price continuing its upward momentum to move higher in the next 1-2 weeks.

Strategy

$27.00                Buy

$32.10                Price Target

$24.85                Risk Management Stop

2 weeks             Trade Duration

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