CFD Trading – Buy Sunningdale Tech(BHQ.SGX) @ $1.065. Stop at $0.960 and Target at $1.220

Sunningdale Tech Stock Code BHQ.SGX

After reaching a high of $1.22 on 5 Aug, price has been on a decline. The price correction has brought price to the Base line support at $1.09. There is also a gap support at $1.055. This support zone is likely to halt price decline and provoke a rally and the resumption of the bullish trend. Conversion line and Base had a bullish crossover confirming the bullish trend. Lagging Span is above price of 26 periods ago but also above the cloud, hinting of a bullish trend. MACD is bullish and is high above the zero line, hinting of a strong bullish price trend.

$1.065                Buy
$1.220                Price Target
$0.960                Risk Management Stop
3 weeks              Trade Duration

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