Tag: Kunlun Energy

KUNLUN ENERGY   Stock Code 0135.HKE

Outlook

There was a price correction that brought price lower to the base line, which is currently acting as support. Conversion and base lines remain in a bullish crossover. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains bullish with both of its lines above the zero line. These could increase chances of this stock price rebounding from the base line to move higher.

Strategy

$6.51                 Buy

$7.30                 Price Target

$6.38                 Risk Management Stop

2 weeks             Trade Duration

KUNLUN ENERGY Stock Code 0135.HKE

Outlook

Price rebounded from the base line which is acting as support at the moment. Conversion and base lines remain in a bullish crossover. Lagging span confirms the bullish price trend. MACD is bullish and is rising, hinting at increased upward momentum. A bullish MACD crossover is likely. We are likely to see price moving higher to the Ichimoku V shaped target price at HK$7.15.

Strategy

$6.60                 Buy

$7.15                 Price Target

$6.25                 Risk Management Stop

2 weeks             Trade Duration

KUNLUN ENERGY   Stock Code 0135.HKE

Outlook

Price has been on a decline after reaching a high of HK$7.10. However, price is currently trading around the Fibonacci 50% correction point, which is also near to the cloud support and the gap support zone. Conversion and base lines remain in a bullish crossover and the MACD remains bullish. We think that the price decline could be over and price could be rallying to its previous price high again in the next 1-2 weeks.

Strategy

$6.35                 Buy

$7.10                 Price Target

$6.10                 Risk Management Stop

2 weeks             Trade Duration

KUNLUN ENERGY   Stock Code 0135.HKE

Outlook

Price is currently sitting at the Fibonacci 38% correction point. A bullish Engulfing reversal candlestick price pattern was formed yesterday, hinting that the correction could have over. Conversion and base lines remained in a bullish crossover that hints at a bullish price trend. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. The MACD is strong and bullish. We are likely to see price resuming its upward momentum to move higher.

Strategy

$6.61                 Buy

$8.00                 Price Target

$6.30                 Risk Management Stop

2 weeks             Trade Duration