Tag: Sinopharm

SINOPHARM   Stock Code 1099.HKE

Outlook

Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. There was a bullish Conversion and Base lines crossover that hints at a potential upside ahead. The MACD is bullish and is rising at the moment, with both of its lines are above the zero line. We are likely to see price continuing its upward strength to move higher to the resistance point at HK$23.09.

Strategy                  

$21.50                Buy

$23.10                Price Target

$20.70                Risk Management Stop

2 weeks              Trade Duration

SINOPHARM   Stock Code 1099.HKE

Outlook
Price broke and closed above the cloud during the last trading session, turning the stock outlook from bearish to bullish. There is also a bullish Conversion and Base lines crossover that hints for a potential upside ahead. The momentum indicator, the MACD, is bullish and is moving higher, suggesting the increased upward momentum. We could see price continuing its upward momentum to move higher to the next resistance level at HK$21.80.

Strategy
$19.70                Buy
$21.80                Price Target
$18.60                Risk Management Stop
2 weeks             Trade Duration