CFD Trading – Buy ISDN (I07.SGX) @ $0.730. Stop @ $0.660 and Target @ $0.820.

ISDN Stock Code I07.SGX

Price reached a high of $0.820 on 21 January and has been on a decline. The decline reached a low of $0.650 and had hold on two different occasions. This is also a previous resistance turned support line as well. Yesterday, price gapped up, hinting that the correction could have ended and a rally to $0.820 could be on the way.  Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD remains bullish with both its lines high above the zero line, which is a hint of a strong bullish price trend.

$0.730                Buy
$0.820                Price Target
$0.660                Risk Management Stop
3 weeks Trade Duration

Leave a Reply

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