CFD Trading – Buy CSE Global (544.SGX) @ $0.550. Stop @ $0.520 and Target @ $0.605.

CSE Global Stock Code 544.SGX

Price reached a high of $0.580 on 8 April 2021 and has been declining since that high. The pullback should find good support at the Conversion and Base lines which lies at $0.555. There is also a gap support zone form $0.555 to $0.540, which should be able to halt the price decline. Conversion and Base could be about to have a bullish crossover which is a hint 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. As long as price stays above the gap support at $0.540, we could see a rally to $0.605 which is the E price projection target.

$0.550                Buy
$0.605                Price Target
$0.520                Risk Management Stop
3 weeks              Trade Duration

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