Hi-P Stock Code H17.SGX
Outlook
Price broke above the cloud on the 19 October and has stayed above the cloud since that breakout. This could be the start of a new trend that could bring price to test the previous high of $1.39. Conversion and Base lines had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is at the upper edge of the cloud with a movement above highly possible. MACD has a bullish crossover and is moving up. MACD is hinting of a bullish price trend ahead. Ichimoku has a V-shaped price breakout as well, giving a price target of $1.43.
Strategy
$1.27 Buy
$1.39 Price Target
$1.20 Risk Management Stop
3 weeks Trade Duration
