ST Engineering Stock Code S63.SGX
Outlook
Price was unable to break above the lower edge of the cloud for the past 2 weeks. The cloud is also getting thicker which means that price is going to find it harder to pass through. Yesterday Conversion and Base lines had a bearish crossover, hinting of a bearish trend ahead. Lagging Span is below price of 26 days ago and is far below the cloud at the moment, which is a hint of a strong bearish trend. MACD is bearish at the moment with both its lines looking like there will experience a bearish crossover in the near future.
Strategy
$3.18 Short Sell
$2.90 Price Target
$3.31 Risk Management Stop
3 weeks Trade Duration
UMS Stock Code 558.SGX
Outlook
Price broke above the cloud in a strong bullish candlestick on 13 May and has stay above the cloud since that day. Price is currently supported by the Conversion line and is above the Base line. Both Conversion and Base line had a bullish crossover earlier. Both Conversion and Base lines have steep gradient, hinting of a strong trend. Lagging Span is above price of 26 days ago but is still currently below the cloud. MACD is bullish with both its lines above the zero line. MACD is moving higher, hinting of more price upsides ahead.
Strategy
$0.855 Buy
$1.060 Price Target
$0.720 Risk Management Stop
3 weeks Trade Duration
