CFD Trading – Buy Food Empire (F03.SGX) @ $0.890. Stop @ $0.840 and Target @ $1.00.

Food Empire Stock Code F03.SGX

Price broke above the cloud late December 2020 and has stayed above the cloud since that breakout. After reaching a high of $1.00 on 16 February 2021, price has been declining but had stayed above the cloud, keeping the uptrend intact. The pullback should find support at the Base line which lies at $0.860. There is also a support gap support at $0.880, which should be able to halt the price decline. Conversion and Base had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish. We are expecting price to test the high of $1.00 again.

$0.890                Buy
$1.000                Price Target
$0.840               Risk Management Stop
3 weeks              Trade Duration

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