Tag: Chinasoft Intl

CFD Trading – Buy Chinasoft Intl (354.HKE) at $15.30. Stop at $13.80 and Target at $17.20

Shueh Ting Wong

CHINASOFT INT’L   Stock Code 0354.HKE

Outlook

Price continued its upward momentum after breaking out from a Flag pattern, which is a continuation pattern. There was a bullish Conversion and Base lines crossover that hints of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD remains bullish and there is a bullish crossover that hints of potential upsides ahead. We could see price continuing to move higher towards its price target of HK$17.20.

Strategy

$15.30                Buy

$17.20                Price Target

$13.80                Risk Management Stop

2 weeks             Trade Duration