Friday, September 27th, 2024
Hong Kong stocksMarket Updates

Kunlun Energy Co Ltd (135 HK): A long position at 7.90 with a target of 8.52

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Kunlun Energy Co Ltd (135 HK)

  • Current Price Movement: Shares of Kunlun Energy closed at a two-month high, successfully breaking above the 50-day EMA. Additionally, the 5-day EMA has crossed above the 50-day EMA, which is a bullish crossover signal.
  • Indicators:
    • RSI: Constructive, showing a supportive momentum but not yet overbought, implying room for further price appreciation.
    • MACD: Positive, further supporting the continuation of an upward move.
  • Trading Strategy: A long position at 7.90 with a target of 8.52 and a stop at 7.59 is a prudent approach based on current technical.

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