City Dev Stock Code C09 .SGX
Outlook
Price gapped higher on Monday and was followed by another higher closing on Tuesday. Price also broke above the Bollinger Band. The big gap created is a sign of a strong trend and should now provide a strong support at $8.78. MACD is moving higher and has a steep gradient, hinting of a strong price advance. Price could be headed for the next resistance at $9.50
Strategy
$9.00 Buy
$9.50 Price Target
$8.75 Risk Management Stop
3 weeks Trade Duration
ICBC Stock Code 1398.HKE
Outlook
Price broke above the Bollinger Band yesterday and closed above the upper band. This could be the start of a new short term trend. Price also managed to close above a previous support turned resistance point. Price could be on its way to test the next resistance at HK6.05. MACD is supportive of the up move with both its lines pointing higher.
Strategy
HK5.75 Buy
HK6.05 Price Target
HK5.50 Risk Management Stop
2 weeks Trade Duration
