Yanlord Stock Code Z25.SGX
Outlook
Price was unable to move above the cloud in early February 2020 and started a decline that brought price to a low of $0.90. A price recovery from this low has brought price higher to $1.04. This is where a previous support turned into a resistance lies. The Base line is also close to this point. Together these 2 price resistances are likely to cap price for another decline to $0.96 again. Lagging Span confirms the bearish trend as it is below price of 26 periods ago and also below the cloud. As long as price stays below $1.13, there is a high chance of another decline to test the low. MACD is bearish and both its lines are far below the zero line, hinting of a strong bearish trend.
Strategy
$1.05 Short Sell
$0.910 Price Target
$1.14 Risk Management Stop
3 weeks Trade Duration
Sheng Siong Stock Code OV8.SGX
Outlook
Price broke above a previous high 3 days ago and has stayed above the previous high after the breakout for the past 3 days. A gap was also created by the breakout. Over the past 3 days, price has managed to stay above this gap as well. As long as price can stay above $1.32, price is likely to move higher. The Ichimoku V price projection gives a price target of $1.64. Conversion line and Base line had a bullish crossover earlier. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a strong bullish trend. MACD is bullish with both its lines rising. Both of MACD’s line are also above the zero line.
Strategy
$1.33 Buy
$1.63 Price Target
$1.23 Risk Management Stop
3 weeks Trade Duration
