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