CFD Trading – Buy JD Health (6618.HKE) at $56.85. Stop at $54.15 and Target at $65.85.

JD HEALTH   Stock Code 6618.HKE

Outlook

Price rebounded after hitting its previous low support zone for sixth occasions. MACD is turning up and is strengthening, hinting at increased upward momentum. A bullish MACD crossover is likely in the coming session. These could increase chances of the stock price rebounding from this support zone to move higher to its resistance level.

Strategy                     

$56.85                Buy

$65.85                Price Target

$54.15                Risk Management Stop

2 weeks              Trade Duration