CFD Trading – Buy Innotek (M14.SGX) @ $0.680. Stop @ $0.635 and Target @ $0.760.

Innotek Sock Code M14.SGX

Outlook
Price reached a high of $0.760 on 10 February 2021 and has been declining since that date. The decline has stayed above the cloud, keeping the bullish price trend intact. Price has now come into the vicinity of the Base line, which is likely to provide support. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish. We are expecting price to resume its rally from the support level and to test the high at $0.760.again

Strategy
$0.680                Buy
$0.760                Price Target
$0.635                Risk Management Stop
3 weeks Trade Duration

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