CFD Trading – Buy CSE Global (544.SGX) @ $0.480. Stop @ $0.445 and Target @ $0.530.

CSE Global Stock Code 544.SGX

Outlook
Price has been moving in an upward channel since the bottom 2 November 2020. Price has now moved above the cloud, enhancing the bullish trend. After touching the upper boundary at $0.530, there was a price correction which has brought price to a low of $0.475.  Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines above the zero line, which is a hint of a bullish price trend. We think the correction may be over and we are expecting price to advance to the support level at $0.530.

Strategy
$0.480                Buy
$0.530                Price Target
$0.445                Risk Management Stop
3 weeks Trade Duration

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