Tag: China Comm Cons

CHINA COMM CONS Stock Code 1800.HKE

Outlook

Price managed to stay above the cloud, keeping the bullish price trend intact. Conversion and base lines remain in a bullish crossover. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both of its lines are above the zero line. A bullish MACD crossover is likely in the coming session. These could increase chances of the stock price moving higher.

Strategy                     

$4.05                 Buy

$4.33                 Price Target

$3.90                 Risk Management Stop

2 weeks              Trade Duration

CHINA COMM CONS   Stock Code 1800.HKE

Outlook

The chart outlook of the stock price remains bearish as price is trading far below the cloud. Conversion and base lines remain in a bearish crossover that hints at the downside ahead. Price is testing its previous low support level and if this support is violated, we are likely to see price falling to HK$2.85 in the next 1-2 weeks.

Strategy                     

$3.15                 Sell

$2.85                 Price Target

$3.30                 Risk Management Stop

2 weeks              Trade Duration

CHINA COMM CONS Stock Code 1800.HKE

Outlook

Price rebounded after being supported by its previous low support zone. A Bullish Engulfing candlestick pattern was formed in the previous session, hinting at a bullish price trend. There is divergence warning given from the MACD that hints at a possible rally ahead. These could increase chances of the stock price rebounding from this support level to move higher to the price target at HK$4.37, in the next 1-2 weeks.

Strategy

$4.01                 Buy

$4.37                 Price Target

$3.85                 Risk Management Stop

2 weeks            Trade Duration

CHINA COMM CONS   Stock Code 1800.HKE

Outlook

The price correction was halted at the Conversion line which is acting as first layer of support currently. This support level coincides with the gap support as well as the Fibonacci 38% correction point. A bullish MACD crossover is likely in the coming session, suggesting potential increased upward momentum. We are likely to see price rebounding from this strong support to move higher to the upper edge of the cloud at HK$4.67 in the next 1-2 weeks.

Strategy

$4.16                 Buy

$4.67                 Price Target

$4.00                 Risk Management Stop

2 weeks             Trade Duration

CHINA COMM CONS   Stock Code 1800.HKE

Outlook

Price has been on a decline after reaching a high at HK$5.17. It is currently sitting at the cloud, which is acting as key support at the moment. The bullish price trend remains intact as price is still trading above the cloud. MACD is still bullish as the slow line is still above the zero line. We are likely to see price rebounding from the cloud support to move higher to the previous support turned resistance line at $HK4.80 in the next 1-2 weeks.

Strategy

$4.50                 Buy

$4.80                 Price Target

$4.35                 Risk Management Stop

2 weeks             Trade Duration