CFD Trading – Buy Sing Tel (Z74.SGX) at $2.30. Stop at $2.20 and Target at $2.44.

SingTel Stock Code Z74.SGX

Outlook
Price broke above the cloud on 13 November 2020 and has stayed above the cloud. Before breaking above the cloud, price broke above a recent high at $2.23, forming an Ichimoku reversal. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is at price of 26 days ago but is below the cloud at the moment. MACD is bullish, with the slower line moving above the zero line in the previous session. Going by the Ichimoku V-shaped price projection, we have a price target of $2.46

Strategy
$2.30                 Buy
$2.44                 Price Target
$2.20                 Risk Management Stop
3 weeks Trade Duration

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