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China Petroleum & Chemical Corporation (0386.HK) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 23 Jan 2017DojiDojiWed, 18 Jan 2017-1.13%
***Stock database and scans are updated around midnight (Hong Kong time) every trading day.
6.10 0.00 (0%) Jan 23 5:09am HKT
Open: 6.10 Range: 6.04 - 6.12 Vol: 66.55M Avg Vol: 83.25M
EPS: 0.32 P/E ratio: 19.35 EBITDA: 23.64B Mkt Cap: 155.63B
Analyze "0386.HK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.11
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 5.81
Last Trade is above the 50 day moving average at 5.63
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 5.55
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of 0386.HK

Stock Trend Analysis - Buy, Sell or Hold "China Petroleum & Chemical Corporation" (0386.HK)?

0386.HK is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 77% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation 0386.HK will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 5.55. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "0386.HK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 23 Jan 2017
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