Tag: Sinopharm

SINOPHARM   Stock Code 1099.HKE

Outlook

The chart outlook remains bullish as price is trading above the cloud. Price has rebounded after being supported by the base line support. Price penetrated and closed above its previous price high resistance in the previous trading session, suggesting the strong upward momentum. MACD is bullish and is rising. We are likely to see price continuing its upward strength to move higher.

Strategy

$22.40                Buy

$25.80                Price Target

$20.50                Risk Management Stop

2 weeks             Trade Duration

SINOPHARM   Stock Code 1099.HKE

Outlook

This stock is strong and bullish as price is trading far above the cloud. Conversion and base lines remain in a bullish crossover and the base line is acting as support currently. Lagging span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is strong and bullish. These could increase chances of the stock price moving higher.

Strategy                     

$20.36                Buy

$22.80                Price Target

$19.60                Risk Management Stop

2 weeks              Trade Duration

SINOPHARM   Stock Code 1099.HKE

Outlook

The chart outlook has turned bullish as price is trading above the cloud. Price broke above a Double Bottom reversal chart pattern as well, hinting at more upside ahead. There is a bullish conversion and base lines crossover. MACD has turned bullish and is moving higher. We are likely to see price continuing its upward strength to move higher.

Strategy                     

$17.14                Buy

$19.70                Price Target

$15.75                Risk Management Stop

2 weeks              Trade Duration

SINOPHARM   Stock Code 1099.HKE

Outlook

The price correction managed to halt at the base line support, coinciding with the Fibonacci 62% correction point. There is a bullish conversion and base lines crossover that hints at potential upside ahead. The MACD is bullish at the moment. We are likely to see price rebounding to move higher if it able to stay above the base line support.

Strategy

$15.90                Buy

$17.30                Price Target

$15.20                Risk Management Stop

2 weeks             Trade Duration