SINGPOST Stock Code S08.SGX
Outlook
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.
Strategy
$0.715 Buy
$0.765 Price Target
$0.695 Risk Management Stop
2 weeks Trade Duration
