Jardine C & C Stock Code C07.SGX
Outlook
Price is currently at the lower edge of the cloud. Price has been capped on three occasions below the cloud, unable to move above the cloud. The cloud is also getting thicker which means that price is going to find it harder to pass through. Both Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend and price is currently above both Conversion and Base lines but price is weak as it is still below the cloud. The recent candlesticks range is also getting smaller, hinting of a lost in the upward momentum. Lagging Span is above price of 26 days ago but is still far below the cloud at the moment. MACD is bearish at the moment with both its lines below the zero line.
Strategy
$20.68 Short Sell
$19.00 Price Target
$21.90 Risk Management Stop
3 weeks Trade Duration
Keppel Corp Stock Code BN4.SGX
Outlook
Price broke through the cloud recently and managed to stay above the cloud, except for a day when it dipped into the cloud. Price also moved above the recent high and closed above the recent high, which could be a good sign. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Price is also above the Conversion line, the Base line and the cloud as well. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. MACD is bullish with both its lines above the zero line. MACD is moving higher and is hinting of more price upsides.
Strategy
$6.06 Buy
$6.48 Price Target
$5.80 Risk Management Stop
3 weeks Trade Duration
