Capitaland Stock Code C31.SGX
Outlook
Price broke above the cloud yesterday, after breaking above a recent high just two days ago. This could be the start of a new bullish trend. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span is above price of 26 days ago but is currently just below the cloud. Lagging Span is at the thin part of the cloud and could move above the cloud over the next few days to confirm the bullish trend. MACD is turning up and both its lines are above the zero line. We expected price to move higher to the next resistance at $3.50
Strategy
$3.18 Buy
$3.50 Price Target
$2.97 Risk Management Stop
2 weeks Trade Duration
Keppel Corp Stock Code BN4.SGX
Outlook
Price broke above a recent high resistance yesterday and closed above the recent high. It also formed a V structure and this could be the start of a new bullish trend. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago and is above the cloud. MACD is bullish and pointing up and both its lines are above the zero line. The V structure is projecting price will move higher to $6.59. However there is a gap resistance at $6.55 and we are aiming for price to reach $6.54. We are recommending this with CFD 10 as we think price can reach its target within 10 calendar days and there is also a dividend payment. If there is any extension beyond 10 days to reach our target price, subsequent margin rate is same at 10%.
Strategy
$6.18 Buy
$6.54 Price Target
$5.98 Risk Management Stop
10 Days Trade Duration
