CFD Trading – Buy CSE Global @ $0.455. Stop at $0.410 and Target at $0.540

CSE Global Stock Code 544.SGX

Price broke above the cloud on the 1 June and has stayed above the cloud since that breakout day. A price correction has managed to close above the cloud but its lower shadow did decline below the cloud, maintaining the bullish trend. On 8 July, price reached a high of $0.50 and during the corrective decline, price managed to stay above a bullish gap. Conversion line and Base had a bullish crossover. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a bullish trend. MACD is bullish with both its lines above the zero line. There could be a bullish MACD crossover if price managed to move higher. If price can stay above the Base line, we think there is a good chance price will test the upper end of the trend channel at $0.54.

$0.455                 Buy
$0.540                Price Target
$0.410                Risk Management Stop
3 weeks Trade Duration

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