CFD Trading – Buy Fosun Pharma (2196.HKE) at $43.75. Stop at $36.70 and Target at $52.40.

FOSUN PHARMA   Stock Code 2196.HKE

Outlook

Price broke and closed above its recent price high, suggesting the bullish momentum of the stock price. Price also broke above a small Ichimoku V-shaped structure, hinting at a trend reversal Conversion and Base lines remain in a bullish crossover. Lagging Span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is strong and bullish and is moving higher. We are likely to see price continuing its upward momentum to move higher to HK$52.62.

Strategy                  

$43.75                Buy

$52.40                Price Target

$36.70                Risk Management Stop

2 weeks              Trade Duration

CFD Trading – Buy Fosun Pharma (2196.HKE) at $40.50. Stop at $39.00 and Target at $48.20

FOSUN PHARMA   Stock Code 2196.HKE

Outlook

Price broke and closed above the cloud, changing the chart outlook from bearish to bullish. It penetrated above its recent price high, triggering an Ichimoku V-shaped reversal pattern as well. Both Conversion and Base lines are heading upwards after a bullish crossover, hinting at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. We are likely to see price continuing to move higher to HK$48.21 in the next 1-2 weeks.

Strategy

$40.50                Buy

$48.20                Price Target

$39.00                Risk Management Stop

2 weeks             Trade Duration

CFD Trading – Buy Fosun Pharma (2196.HKE) at $70.70. Stop at $64.40 and Target at $80.60

FOSUN PHARMA   Stock Code 2196.HKE

Outlook

Price broke out from a Triangle pattern on 16 July and it has been advancing higher since then. There was a bullish Conversion and Base lines crossover that hints for potential upside ahead. The Lagging Span is above the cloud and the price of 26 days ago, confirming the bullish trend. The MACD is bullish and is moving higher, suggesting increased upward momentum as well. We are likely to see price continuing its upward strength to move higher to HK$80.68 in the next 1-2 weeks.

Strategy                  

$70.70                Buy

$80.60                Price Target

$64.40                Risk Management Stop

2 weeks              Trade Duration