Tag: Yankuang Energy

YANKUANG ENERGY   Stock Code 1171.HKE

Outlook

The uptrend remains intact as price is trading above the cloud. Conversion and base lines remain in a bullish crossover as well. The lagging span is above the cloud and the price of 26 days ago, confirming the uptrend. MACD is bullish and is rising. MACD is hinting at a bullish price trend. We are likely to see price continuing its upward momentum to move higher in the next 1-2 weeks.

Strategy

$27.00                Buy

$32.10                Price Target

$24.85                Risk Management Stop

2 weeks             Trade Duration

YANKUANG ENERGY   Stock Code 1171.HKE

Outlook

Price managed to stay above the gap support that was created three trading days ago, suggesting the strong upward strength. The middle Bollinger band, which is also the 20-day moving average, is acting as support at the moment. Stochastic is strong and is rising. Stochastic is hinting at a bullish price trend. These could increase the chances of this stock price continuing to move higher.

Strategy                     

$24.50                Buy

$27.30                Price Target

$23.70                Risk Management Stop

2 weeks              Trade Duration