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.