Tag: CFD HK Trading Note
CFD Trading – Buy CSPC Pharma (1093.HKE) at $8.18. Stop at $7.75 and Target at $9.08.
CSPC PHARMA Stock Code 1093.HKE
Outlook
Price rebounded after being supported by the conversion line, coinciding with the Fibonacci 50% correction point. Conversion line is rising and a bullish conversion and base lines crossover is likely in the coming session. MACD is rising and is strengthening, hinting at the increased upward momentum. These could increase chances of the stock price moving higher in the next 1-2 weeks.
Strategy
$8.18 Buy
$9.08 Price Target
$7.75 Risk Management Stop
2 weeks Trade Duration
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
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
