CFD Trading – Buy Singpost (S08.SGX) @ $0.715. Stop @ $0.695 and Target @ $0.765


Price broke above the cloud on the 16 November and has stayed above the cloud, since that day. After reaching a high of $0.765, price has declined to a low of $0.710 and had stayed above the cloud, keeping the uptrend intact. Price is currently supported by the Base line. Conversion line and Base line had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 periods ago and also above the cloud, confirming the bullish price trend. MACD remains bullish and is high above the zero line, hinting of a strong price trend.

$0.715                Buy
$0.765                Price Target
$0.695                Risk Management Stop
2 weeks              Trade Duration

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