CFD Trading – Buy Hongkongland USD (H78.SGX) @ US$4.54. Stop @ US$4.38 and Target @ US$4.90.

HONGKONGLAND USD  Stock Code H78.SGX

Outlook

Price broke and closed above the cloud, turning the chart outlook to bullish. It broke out from a triangle consolidation pattern as well, hinting at more upside ahead. Both conversion and base lines are turning up. The MACD remains bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher.

Strategy                  

US$4.54                Buy

US$4.90                Price Target

US$4.38                Risk Management Stop

2 weeks             Trade Duration

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