CFD Trading – Buy Riverstone (AP4.SGX) @ $1.40. Stop @ $1.31 and Target @ $1.54.


Price broke above the cloud on 25 January 2021 but was unable to sustain above the cloud and declined to a low of $1.33. This is also the Fibonacci 50% correction point of the rally from $1.07 to $1.59. The pullback may have ended at the low and price could be heading higher to $1.55 again. Conversion and Base lines could see a bullish crossover soon. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bullish and the fast line is turning up from near the zero line, hinting of a price rally ahead.

$1.40                 Buy
$1.54                 Price Target
$1.31                 Risk Management Stop
3 weeks            Trade Duration

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