CFD Trading – Buy CSE Global (544.SGX) @ $0.485. Stop at $0.450 and Target at $0.545

CSE Global Stock Code 544.SGX

Outlook
Price reached a high of $0.530 on the 6 August 2020 and there has been a correction which brought price close to the upper edge of the cloud at the moment. The support at $0.48 is also strong as there have been previous resistances at this price level, which is now acting as a strong support. Conversion line and Base has not confirmed the bullish trend as yet. Lagging Span is below price of 26 periods ago but is currently above the cloud. Conversion, Base and Lagging Span are inconclusive at the moment. MACD is still bullish although both lines are close to the zero line. The faster line of the MACD indicator is also turning up, and if it crossover the slow line, we will have a bullish crossover and a hint of a bullish trend ahead.

Strategy                  
$0.485                Buy
$0.545                Price Target
$0.450                Risk Management Stop
3 weeks              Trade Duration

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