China Traditional Chinese Medicine Hldgs Stock Code 0570.HKE
Outlook
Yesterday, price broke above a recent high resistance at HK$3.98 after being supported by the Base line during a short correction process. There was a bullish Conversion and Base lines crossover that hints of a bullish price trend ahead. Lagging Span is above price of 26 days ago and also above the cloud, confirming the bullish trend. MACD is also bullish and is moving higher, suggesting increased upward momentum ahead. We could see price moving higher towards its previous resistance high at HK$4.43.
Strategy
$4.05 Buy
$4.42 Price Target
$3.70 Risk Management Stop
1 week Trade Duration
