CFD Trading – Buy Nanofilm (MZH.SGX) @ $5.07. Stop @ $4.77 and Target @ $5.50

Nanofilm Stock Code MZH.SGX

Price reached a high of $5.48 on 21 January 2021 but declined a low of $4.55 on 24 February. A second attempt to break this low failed at $4.60 and price has move higher, resulting in an Ichimoku reversal. Conversion and Base lines had a bullish crossover, hinting of a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish with both its lines above the zero line. Both of MACD’s lines are also moving higher, hinting of a bullish price trend. We are expecting price to test the previous high at $5.48 again.

$5.07                 Buy
$5.50                 Price Target
$4.77                 Risk Management Stop
3 weeks Trade Duration

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