CFD Trading – Buy Sri Trang Argo(NC2.SGX) @ $1.39. Stop at $1.27 and Target at $1.67

Sri Trang Agro Stock Code NC2.SGX

Price broke above the cloud on the 27 April and has stayed above the cloud since that breakout. Price reached a high of $1.75. A price correction which brought price lower to $1.03, managed to stay above the cloud as well, maintaining the bullish trend. On 4 August, price moved above the Base line, hinting of a bullish trend. Lagging Span confirms this bullish trend as it is above price of 26 periods ago and above the cloud. However, Conversion and Base lines are unable to confirm the bullish trend. MACD is bullish and moving higher. If price can stay above the cloud, we see price testing its previous high of $1.75 again.

$1.390                Buy
$1.670                Price Target
$1.270                Risk Management Stop
3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.