SATS Stock Code S58.SGX
Outlook
Price has stayed below the cloud since 23 Jan 2020 and has not been able to move able the cloud to reverse its direction. Conversion and Base lines had a bearish crossover on 13 May, confirming the bearish trend of this stock. Lagging Span confirms the bearish trend as well. Lagging Span is below price of 26 days ago and below the cloud as well. MACD is bearish with both its lines below the zero line. With SATS dropped from the MSCI list, we are expecting another bearish factor to the downtrend from Ichimoku.
Strategy
$2.87 Short Sell
$2.60 Price Target
$3.02 Risk Management Stop
3 weeks Trade Duration
ComfordDelgro Stock Code C52.SGX
Outlook
Price broke below the cloud back on 6 Jan 2020 and had stayed below the cloud since that day. Recently price tried to move above the cloud but has been capped by the lower edge of the cloud. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span confirms the bearish trend as well. Lagging Span is below price of 26 days ago and below the cloud as well. MACD is bearish and is turning down as well, hinting of more price declines. With ComfortDelgro dropped from the MSCI list, we are expecting another bearish factor to the downtrend from Ichimoku.
Strategy
$1.52 Short Sell
$1.42 Price Target
$1.59 Risk Management Stop
3 weeks Trade Duration
