CFD Trading – Buy Q&M Dental (QC7.SGX) @ $0.640. Stop @ $0.590 and Target @ $0.735

Q&M Dental Stock Code QC7.SGX

Outlook
Price broke above the cloud on 5 February 2021 and has stayed above the cloud since that breakout. After reaching a high of $0.685, price has been on a decline but was able to stay above the cloud, keeping the uptrend intact. Two days ago, price broke above a recent high and has moved higher with a bigger than usual candlestick, hinting of a resumption of the bullish price trend again. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines far above the zero line, which is a hint of a strong bullish price trend. We are expecting price to move higher to the N projection price target of $0.735.

Strategy
$0.640                Buy
$0.735                Price Target
$0.590                Risk Management Stop
3 weeks Trade Duration

Leave a Reply

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