Wilmar Stock Code F34.SGX
Outlook
Price is below the cloud and below both the Conversion and Base lines at the moment. This is a sign of a bearish trend. Both Conversion and Base lines are also capping price rally as resistances. Price will have to move above Conversion, Base and cloud to be bullish again. These three resistances are likely to cap price advance for another test of the low at $3.90. Lagging Span is below price of 26 periods ago but inside the cloud at the moment. MACD is bearish and is likely to have a bearish crossover and both its lines are also pointing and moving lower.
Strategy
$4.08 Short Sell
$3.90 Price Target
$4.18 Risk Management Stop
3 weeks Trade Duration
Ascendas Reit Stock Code A17U.SGX
Outlook
Price’s decline was halted at the upper edge of the cloud for the past 2 days. Yesterday price formed a Piercing Line candlestick pattern, which is a sign of a possible price continuation higher over the next few days. Both Conversion and Base lines are close together but there is no bearish crossover as yet. Both Conversion and Base lines are still bullish and Lagging Span is also bullish. Lagging Span is above price of 26 periods ago and also above the cloud, which is a strong bullish trend confirmation. Price is also above 4-month uptrend line. MACD is still bullish with both its lines above the zero line. MACD has a bearish crossover but with both its lines above the zero line, this could be a sign of a corrective decline. As long as price is above the cloud and the trend line, we remain bullish for $3.16.
Strategy
$3.04 Buy
$3.16 Price Target
$2.95 Risk Management Stop
3 weeks Trade Duration
