CFD Trading – Buy CCB (939.HKE) at $5.82. Stop at $5.60 and Target at $6.20.

CCB   Stock Code 0939.HKE

Outlook

The recent price decline was halted at the edge of the cloud support, coinciding with the Conversion line support. Price has rebounded with a Bullish Engulfing candlestick pattern, hinting at potential rally ahead. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging span confirms the bullish price trend. MACD remains bullish. We are likely to see price continuing its upward strength to move higher.

Strategy

$5.82                 Buy

$6.20                 Price Target

$5.60                 Risk Management Stop

2 weeks             Trade Duration

CFD Trading – Buy CCB (939.HKE) at $5.87. Stop at $5.70 and Target at $6.20

CCB   Stock Code 0939.HKE

Outlook

This stock is still trading above the cloud, keeping the bullish trend intact. Price formed a One White Soldier candlestick pattern yesterday, which is one of the reversal candlestick pattern, hinting of a possible low. MACD remains bullish with both of its lines are above the zero line. We are likely to see price resuming its upward momentum to move higher to the previous high at HK$6.23.

Strategy                  

$5.87                 Buy

$6.20                 Price Target

$5.70                 Risk Management Stop

2 weeks              Trade Duration