ST Engineering Stock Code S63.SGX
Outlook
Price broke above the cloud and closed above the cloud yesterday in a strong bullish candle. Volume yesterday was also higher than the previous few days. Conversion and Base lines had a bullish crossover a few days before price broke above the cloud, confirming the bullish trend. MACD is rising and bullish, which is a sign of a bullish and strong trend. There is a price gap from $4.16 to $4.19, and if price can surmount this gap, price is likely to head higher. Using the Ichimoku V price projection, we have a price projection target of $4.22. Using an Ichimoku E price projection, we get a price target of 4.34.
Strategy
$4.10 Buy
$4.32 Price Target
$3.98 Risk Management Stop
3 weeks Trade Duration

SATS Stock Code S58.SGX
Outlook
Price broke above the cloud 2 days ago. Both Conversion and Base lines had a bullish crossover before price broke above the cloud, confirming the bullish trend. Price has stayed along the Conversion line, which is another sign of a strong bullish movement. Lagging Span is above the cloud and above price of 26 days ago, which confirms the bullish trend. Price is likely to head higher to test the gap zone from $5.24 to $5.29. If price is able to move above $5.29, it could go higher to $5.45. MACD is bullish and both its lines are above zero and rising.
Strategy
$5.08 Buy
$5.24 Price Target
$4.98 Risk Management Stop
3 weeks Trade Duration
