CFD Trading – Buy Riverstone (AP4.SGX) @ $1.43. Stop @ $1.23 and Target @ $1.73.

Riverstone Stock Code AP4.SGX

After reaching a low of $1.06 on 18 December 2020, price went on a rally.  In the previous trading session, price broke above a V-shaped structure at $1.42. This triggered a V-shaped Ichimoku breakout with a price target of $1.78. Conversion and Base lines had a bullish crossover, hinting of a bullish trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is turning bullish with the faster line, now above the zero line. MACD slower line is close to the zero line and could crossover soon. We are expecting the breakout to continue and price to reach a high of $1.73 which is the gap resistance zone in the next 3 weeks.

$1.43                 Buy
$1.73                 Price Target
$1.23                 Risk Management Stop
3 weeks Trade Duration

Leave a Reply

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