Tag: ICBC

CFD Trading – Buy ICBC (1398.HKE) at $4.16. Stop at $3.95 and Target at $4.60.

Shueh Ting Wong

ICBC   Stock Code 1398.HKE

Outlook

Price rebounded with a bullish engulfing candlestick pattern after being supported by the key Fibonacci 62% correction point and the cloud, keeping the uptrend intact. There is a bullish conversion and base lines crossover that hints at potential upside ahead. Lagging span confirms the bullish price trend. MACD is bullish and is rising. These could increase chances of the stock price continuing to move higher.

Strategy                     

$4.16                 Buy

$4.60                 Price Target

$3.95                 Risk Management Stop

2 weeks              Trade Duration

CFD Trading – Buy ICBC (1398.HKE) at $4.80. Stop at $4.55 and Target at $5.25

Nicholas

Outlook
After reaching a high of $5.24 on 30 November, price went into a consolidation and decline. However the decline managed to halt at the lower edge of the cloud, keeping the uptrend intact. Price has now bounced above the cloud and we think the correction is over and price is likely to move up higher to test the previous high of $5.24 and higher again. MACD is also turning around and we could see a bullish crossover which could hint of a bullish price trend ahead.

Strategy                  
$4.80               Buy
$5.25               Price Target
$4.55                Risk Management Stop
2 week              Trade Duration

CFD Trading 11 June 2019

Nicholas

City Dev Stock Code C09 .SGX

Outlook

Price gapped higher on Monday and was followed by another higher closing on Tuesday. Price also broke above the Bollinger Band. The big gap created is a sign of a strong trend and should now provide a strong support at $8.78. MACD is moving higher and has a steep gradient, hinting of a strong price advance. Price could be headed for the next resistance at $9.50

Strategy

$9.00 Buy
$9.50 Price Target
$8.75 Risk Management Stop
3 weeks Trade Duration

ICBC Stock Code 1398.HKE

Outlook

Price broke above the Bollinger Band yesterday and closed above the upper band. This could be the start of a new short term trend. Price also managed to close above a previous support turned resistance point. Price could be on its way to test the next resistance at HK6.05. MACD is supportive of the up move with both its lines pointing higher.

Strategy

HK5.75 Buy
HK6.05 Price Target
HK5.50 Risk Management Stop
2 weeks Trade Duration

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