CFD Trading – Buy Frasers CPT TR at $2.34. Stop at $2.22 and Target at $2.62

Frasers CPT Trust Stock Code J69U.SGX

Price broke above the cloud on the 29 May and reached a high of $2.63 on 8 June 2020. Following that high, price has been declining and during the correction, price dropped to a low at $1.410, but managed to stay above the cloud. Price is supported at the edge of the cloud, keeping the bullish trend intact. Conversion line and Base had a bearish crossover. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a bullish trend. MACD is bullish and consolidating above the zero line and its fast line could be about to turn up from the zero line, hinting of a price rally ahead. MACD could also see a bullish crossover.

$2.34                Buy
$2.62             Price Target
$2.22                 Risk Management Stop
3 weeks              Trade Duration

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