Friday, September 7, 2012

Hong Kong Stock on CFD - China Telecom

HongKong Stock - China Telecom - This counter is available in phillip CFD, this stock is trending well most of the time, already downtrend for a year already. When it is going down trend, the trend lasted quite long giving us opportunity to profit from shorting if we have shorted. Right now the long term trend is changing from downtrend to uptrend. Recently there is a powerfull gap up above the downtrend resistance line. A stoploss should be place if the price fall back below the downtrend line, somewhere at $4.10. First target will be at $4.75.