Tag: China Railway

CHINA RAILWAY   Stock Code 0390.HKE

Outlook

Price rebounded after being supported by the cloud support, keeping the uptrend intact. A bullish conversion and base lines crossover is likely in the coming session. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is rising and there is a bullish MACD crossover. We are likely to see price breaking out from the triangle pattern to move higher.

Strategy

$4.38                 Buy

$4.90                 Price Target

$4.05                 Risk Management Stop

2 weeks             Trade Duration

CHINA RAILWAY   Stock Code 0390.HKE

Outlook

Price rebounded after re-testing its previous low support zone. MACD had given a divergence warning. MACD is hinting at possible rally ahead. MACD has a bullish crossover as well. Conversion line is moving higher and is likely to have a bullish crossover with the Base line. These could increase chances of the stock price moving higher to the price target at HK$5.88 in the next 1-2 weeks.

Strategy                

$5.19                 Buy

$5.88                 Price Target

$4.85                 Risk Management Stop

2 weeks             Trade Duration