CFD Trading – Buy Koufu(VL6.SGX) @ $0.695. Stop at $0.655 and Target at $0.795

Koufu Stock Code VL6.SGX

Price broke above the cloud on the 3 June and has stayed above the cloud since that breakout. Price reached a high of $0.725. A price correction which brought price lower to $0.665, which was inside the cloud maintaining the bullish trend. On 6 August, price moved above the Base line, hinting of a bullish trend. However, Conversion and Base lines are unable to confirm the bullish trend. MACD is bullish and we could be seeing a bullish MACD crossover soon. If price can stay above the cloud, we see price testing its previous high of $0.800 again.

$0.695                Buy
$0.795               Price Target
$0.655                Risk Management Stop
3 weeks              Trade Duration

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