Accumulation done, now is resuming the upside
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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