CFD Trading – Buy Nexteer (1316.HKE) at $4.85. Stop at $4.18 and Target at $6.40.

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

CFD Trading – Buy CITIC Bank (0998.HKE) at $3.75. Stop at $3.58 and Target at $4.10.

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

CFD Trading – Buy China Shenhua (1088.HKE) at $25.15. Stop at $23.95 and Target at $27.40.

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

CFD Trading – Buy ICBC (1398.HKE) at $4.16. Stop at $3.95 and Target at $4.60.

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

CFD Trading – Buy Sinopharm (1099.HKE) at $22.40. Stop at $20.50 and Target at $25.80.

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