City Developments Stock Code C09.SGX
Outlook
Share price is in an uptrend. The recent pullback was halted near the base line (blue line). The lagging line (green line) is still above the cloud and prices in the previous 26 periods, confirming the bullish trend. The
MACD is also bullish and a bullish crossover is likely in the near term. Prices could move higher if it can penetrate above its recent high.
We see increasing odds of stock price testing S$12.05. Stops could be placed at S$10.45.
Approximate timeframe on average: 1-2 weeks
(initiate this trade idea if the stock hits the entry
price range within three trading days)
Our institutional research has a fundamental BUY
and target price of S$12.00.
Strategy
Trading Buy Range: S$11.07-11.09
Last price: S$11.00
Target price: S$12.05
Protective stop: S$10.45
Yangzijiang Shipbuilding Stock Code BS6.SGX
Outlook
A bullish gap was created during the last trading session with high trading volume. Share price is now testing its overhead cloud resistance. There was also a bullish Tenkan- Kijun crossover. The MACD just had a positive crossover as well. We could see prices moving higher if the stock can
penetrate above the cloud. We see increasing odds of stock price testing
S$1.35 should it break above the cloud. Stops could be placed at S$1.01.
Approximate timeframe on average: 1-2 weeks
(initiate this trade idea if the stock hits the entry
price range within three trading days)
Our institutional research has a fundamental BUY
and target price of S$1.46
Strategy
Trading Buy Range: S$1.14-1.15
Last price: S$1.08
Target price: S$1.35
Protective stop: S$1.01
