Smith_by_VPPBSS

HKEX:291 New High is coming soon.

Long
HKEX:291   CHINA RESOURCES BEER (HOLDINGS) CO
291 has formed a head and shoulder pattern. The right shoulder is also a double bottom pattern.
MACD divergence occurred at two previous point on 1st Mar and 14th Mar.
MACD showed a buying signal on 18th Mar, which broke two recent tops and also the resistance of the head and shoulder pattern.

Cut loss @30.7
Target 1st target @35.65, 2nd target @40 to new high
Buy in @32.9
Trade closed: stop reached:
Cut Loss @30.7 Loss 6.7%

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