Singapore Exchange Stock Code S68.SGX
Outlook
Price broke above the cloud on the 16 Sep and on the following day, broke above a recent high, reinforcing its bullish trend. A price correction has managed to stay above the Base and Conversion lines. Conversion line and Base had a bullish crossover, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is currently inside the cloud. MACD has a bullish crossover and is moving higher. Price is likely to probe a big gap that range from $9.00 to $9.77.
Strategy
$8.90 Buy
$9.70 Price Target
$8.40 Risk Management Stop
3 weeks Trade Duration
