2883 China Development Financial Holdings has completed the accumulation from 21 Oct 22 to 14 Mar 24, a sign of bullish recovery. Current price action saw a strong break out of the ascending triangle with strong volume and is likely to continue higher. Prices are also trending above all ichimoku indicator. Long-term MACD remain bullish. Hence, we are buying at 14.70 and 13.10 with a TP at 20.00
Note
Rebounded at 14.75 resistance turned support. Maintain long-term buy
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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.