CFD Trading – Buy CRRC Times Elec (3898.HKE) at $49.00. Stop at $43.50 and Target at $60.50

CRRC TIMES ELEC Stock Code 3898.HKE

Outlook
Price rebounded after being supported by the lower edge of the cloud which also coincides with the previous low support level. A Morning Star candlestick pattern was formed during the last trading sessions, hinting at a possible low. The Lagging Span is below the price of 26 days ago but is still above the cloud. The MACD is turning up towards the zero line and a bullish crossover is likely. We are likely to see price rebounding from this support to move higher.

Strategy
$49.00 Buy
$60.50 Price Target
$43.50 Risk Management Stop
2 weeks Trade Duration