CFD Trading – Sell Valuetronics (BN2.SGX) @ $0.615. Stop @ $0.655 and Target @ $0.550.

Valuetronics Sock Code BN2.SGX

Price broke below the cloud on 26 February 2021 and on two occasions, has been unable to move back above the cloud, with the cloud providing stiff resistances. Price has broken below an uptrend line starting from 28 September 2020, adding to the bearish tone. Conversion and Base lines had a bearish crossover earlier, hinting of a bearish trend. Lagging Span is below price of 26 days ago and is inside the cloud. MACD remains bearish. We are expecting price to resume its downtrend to the support level at $0.55.

$0.615                Sell
$0.550               Price Target
$0.655               Risk Management Stop
3 weeks Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.