CFD Trading – Buy SingPost (S08.SGX) @ $0.705. Stop @ $0.680 and Target @ $0.765.

Outlook
Price reached a low of $0.690 during a correction but managed to stay above the cloud, keeping the uptrend intact. We think the correction could be coming to an end with price supported by the upper edge of the cloud. MACD is bullish and the fast line is already turning higher which could be a hint of price turning up in the next few days ahead.

Strategy                  
$0.705               Buy
$0.765                Price Target
$0.680               Risk Management Stop
2 weeks            Trade Duration

2 thoughts on “CFD Trading – Buy SingPost (S08.SGX) @ $0.705. Stop @ $0.680 and Target @ $0.765.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.