CFD Trading – Sell Suntec Reit @$1.36. Stop at $1.41 and Target at $1.28

Suntec Reit Stock Code T82U.SGX

After moving below the cloud on 29 July, price has spent the past three weeks below the cloud, capped by the lower edge of the cloud as well as the Base line. Conversion line and Base line had a bearish crossover confirming the bearish trend. Both Conversion and Base lines are converging together and we could see another bearish crossover. Lagging Span is below price of 26 periods ago but is inside the cloud. MACD is bearish but is close to the zero line. Price is likely to test the previous low of $1.28 in the next couple of weeks.

$1.36                 Sell
$1.28                 Price Target
$1.41                 Risk Management Stop
2 weeks           Trade Duration

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