CFD Trading – Sell ST Engineering (S63.SGX) @ $3.79. Stop @ $3.89 and Target @ $3.55.

ST Engineering Stock Code S63.SGX

Price broke below the cloud two days ago and yesterday, price has a Doji candlestick and closed inside the cloud. Conversion and Base lines had a bearish crossover two days ago, hinting of a bearish trend. Lagging Span is below price of 26 days ago and is above the cloud, and unable to confirm the bearish trend. MACD remains bearish with both its lines below the zero line. Both of MACD’s lines look to be moving lower, which is a hint of a bearish price trend. We are expecting price to decline to the support level at $3.54

$3.79                 Sell
$3.55                 Price Target
$3.89                Risk Management Stop
3 weeks Trade Duration

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