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KozakHlib
May 18, 2020 1:32 PM

$OCFT can rise in the next days Long

OneConnect Financial Technology Co., Ltd.NYSE

Description

Contextual immersion trading strategy idea.

OneConnect Financial Technology Co., Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China.

The share price rose after good earnings. I see some preconditions the share price will continue growing.

The demand for shares of the company still looks higher than the supply.

These and other conditions can cause a rise in the share price in the next days.

So I opened a long position from $15,05;
stop-loss — $13,85.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade active

1/3 closed at 1$6,03

Comment

Previous was wrong.

1/4 closed at $16,03

Trade active

stop set at $15,40

Trade active

stop set at $15,64

Trade closed: stop reached

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