Manlai

0386.hk long.

Long
Manlai Updated   
HKEX:386   CHINA PETROLEUM & CHEMICAL CORP
0386.hk swing long. on watch list since 4/sep. in long position at 7.39 when 5-3-3 stoch in good sync on daily and hourly, when in range 0.618 and 0.786 Fib pull back. Stop loss at 7.24. possible another shake out around 11-12 sep. watch con/divergence with oil future. target time 2-3 weeks holding.
Comment:
See my another comment on 857. I am still holding on this stock and if I can enter my position on another two I will sell this on next wave up/support.
Comment:
off loaded 0386.hk at 7.53 left with small profit. it was the 50d EMA also the wave up supporting line. with energy weaken in hkex I changed my position to short a tech (see another post) with multiple convergence.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.