CFD Trading – Buy Food Empire (F03.SGX) @ $0.860. Stop @ $0.800 and Target @ $1.00.

Food Empire Stock Code F03.SGX


After reaching a high of $1.00 on 16 February 2021 for a second time and unable to break above, price went into a correction. The correction has brought price lower to $0.835. This is also near to the cloud support area. A thick cloud is suggesting a strong support zone at this level.  Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish. MACD is turning up just above the zero line. We are expecting price to be supported by the cloud and a resumption of the rally which should bring price back to $1.00 in the next 2-3 weeks.

$0.860                Buy
$1.00                 Price Target
$0.800                Risk Management Stop
3 weeks Trade Duration

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