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Trading idea for CITIC Securities (HKEX)

10.06.2022

Market Review

#CITIC

The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant structure is breached.

Trading idea:

Sell when the descendant wave structure forms.

Stop-loss: 17.50.

Target levels: 16.20; 15.58.

Author: GC
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