CFD Trading – Buy SGX (S68.SGX) @ $10.28. Stop @ $9.98 and Target @ $10.70.

SGX Stock Code S68.SGX

Since price broke above the cloud, on two occasions, price has been capped by the resistance high at $10.24. Yesterday, we saw price broke above this resistance high. This could be a sign the consolidation had ended and a resumption of the uptrend is on the way to the projected price target of $10.71. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD remains bullish. We are expecting price to move to congestion price projection target of $10.70.

$10.28                Buy
$10.70                Price Target
$9.98                 Risk Management Stop
3 weeks Trade Duration

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