CFD Trading – Buy Hi-P (H17.SGX) at $1.27. Stop at $1.20 and Target at $1.39.

Hi-P Stock Code H17.SGX

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.

$1.27                 Buy
$1.39                 Price Target
$1.20                  Risk Management Stop
3 weeks             Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.