Sri Trang Agro Stock Code NC2.SGX
Outlook
Price broke above the cloud on the 19 January 2021 and has stayed above the cloud since that breakout. After reaching a high of $2.45 on 1 March 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 $1.87. There is also a support at $1.95, 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 and is hinting of a price rally ahead. We are expecting price to test $2.45 again.
Strategy
$1.95 Buy
$2.45 Price Target
$1.75 Risk Management Stop
3 weeks Trade Duration
