CFD Trading – Buy Sunningdale Tech (BHQ.SGX) @ $1.44. Stop at $1.35 and Target at $1.61

Sunningdale Tech Stock Code BHQ.SGX

Price broke above the cloud on 5 June and has stayed above the cloud. After reaching a high of $1.61 on 14 September, price has been declining but had stayed above the cloud and above a gap zone as well. Price range has also decreased during the decline, which is a sign of a consolidation. Conversion and Base lines are hinting of the bullish trend. MACD is a bullish with the fast line moving towards the zero line in a sign of a correction. The gap zone is providing support together with the Base line. As long as these two supports hold, price is likely to resume its uptrend to test $1.61 again

$1.44                 Buy
$1.61                 Price Target
$1.35                 Risk Management Stop
3 weeks           Trade Duration

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