NEXTEER Stock Code 1316.HKE
Outlook
Price rebounded after reaching a price low at HK$4.21, three trading sessions ago. A morning star candlestick price pattern was formed, hinting at a possible price reversal. RSI has given a potential divergence warning and it is rising towards its neutral level. We are likely to see price rebounding and move higher in the next 1-2 weeks.
Strategy
$4.85 Buy
$6.40 Price Target
$4.18 Risk Management Stop
2 weeks Trade Duration
CITIC BANK Stock Code 0998.HKE
Outlook
Price rebounded after being supported by the cloud support, keeping the bullish price trend intact. A bullish conversion and base lines crossover is likely in the coming session, suggesting a potential upside ahead. MACD remains bullish and a bullish crossover is likely. These could increase the chances of this stock price moving higher in the next 1-2 weeks.
Strategy
$3.75 Buy
$4.10 Price Target
$3.58 Risk Management Stop
2 weeks Trade Duration
CHINA SHENHUA Stock Code 1088.HKE
Outlook
Price rebounded after being supported by the cloud, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover that hints at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. We are likely to see price continuing its upward momentum to move higher in the next 1-2 weeks.
Strategy
$25.15 Buy
$27.40 Price Target
$23.95 Risk Management Stop
2 weeks Trade Duration
ICBC Stock Code 1398.HKE
Outlook
Price rebounded with a bullish engulfing candlestick pattern after being supported by the key Fibonacci 62% correction point and the cloud, keeping the uptrend intact. There is a bullish conversion and base lines crossover that hints at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. These could increase chances of the stock price continuing to move higher.
Strategy
$4.16 Buy
$4.60 Price Target
$3.95 Risk Management Stop
2 weeks Trade Duration
SINOPHARM Stock Code 1099.HKE
Outlook
The chart outlook remains bullish as price is trading above the cloud. Price has rebounded after being supported by the base line support. Price penetrated and closed above its previous price high resistance in the previous trading session, suggesting the strong upward momentum. MACD is bullish and is rising. We are likely to see price continuing its upward strength to move higher.
Strategy
$22.40 Buy
$25.80 Price Target
$20.50 Risk Management Stop
2 weeks Trade Duration
