CCB (939:HK) Expecting Mark Up towards HK$8.60

China Construction Bank (939:HK)
The stock price made a breakout this morning, out of its possible accumulation zone since mid Feb 2018. A breakout would suggest the stock is ready for Mark Up towards 1st target at HK$8.60 with 2nd target at HK$9.00.

The stock's momentum also showed signs that the bears are exhausting as MACD indicator flattens and suggest a reversal of momentum may be in the cards.

A break below HK$8.00 will falsify the set-up.

Disclaimer applies.

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