Sembawang Marine Stock Code S51.SGX
Outlook
Price has broken above a resistance high and closed above it yesterday. Price is also above the cloud and both Conversion and Base lines had bullish crossover earlier. These are signs indicative of a bullish trend. Lagging Span is above the price 26 days ago as well as above the cloud. This is another sign of a bullish trend. MACD is bullish and rising and has managed to stay above a rising trend line. The trend should be strong enough to drive price higher to the next resistance point of $1.96
Strategy
$1.78 Buy
$1.96 Price Target
$1.69 Risk Management Stop
3 weeks Trade Duration
Marathon Oil Corporation Stock Code MRO.NYS
Outlook
Price broke above the recent high and closed near to its high for the day in a strong and long white candlestick. Price is also above the cloud and above both Conversion and Base line. Conversion line had crossed over the Base line as well. These are indications of a strong bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and rising as well.
Strategy
$18.68 Buy
$22.12 Price Target
$17.54 Risk Management Stop
3 weeks Trade Duration
