CFD Trading – Buy SPH (T39.SGX) @ $1.20. Stop @ $1.13 and Target @ $1.38

Outlook
After reaching a high of $1.30 on 23 November, price has declined to a low of $1.16. Price has stayed above the cloud during the decline, keeping the uptrend intact. Base line is currently providing support at $1.14 . 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. We are looking at a test of $1.38 over the next 2 weeks.

Strategy
$1.20                 Buy
$1.38                 Price Target
$1.13                Risk Management Stop
2 week              Trade Duration

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