CFD Trading – Buy Bukit Sembawang (B61.SGX) at $3.77. Stop at $3.63 and Target at $3.96.

Bukit Sembawang Stock Code B61.SGX

Price broke above the cloud yesterday with a large bullish candlestick which also confirms an Ichimoku reversal. Price also broke above the recent high of $3.74, which adds to the bullish view. Price also closed at the previous day high, adding to the bullish view. Conversion and Base lines had a bullish crossover, hinting of the bullish trend. Lagging Span is above price of 26 periods ago and also above the cloud, confirming the bullish trend. MACD is bullish after both its lines crosses over the zero line and is hinting of a price rally ahead. Price is likely heading higher to the resistance zone of $3.96 to$4.00.

$3.77                 Buy
$3.96                 Price Target
$3.63                 Risk Management Stop
3 weeks            Trade Duration

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