CFD Trading – Buy Singtel (Z74.SGX) @ $2.60. Stop @ $2.52 and Target @ $2.78.

Singtel Stock Code Z74.SGX

Outlook
Price broke above the previous high at $2.59 and 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 $2.78. 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 $2.78.

Strategy                   
$2.60               Buy
$2.78                Price Target
$2.52                Risk Management Stop
2 weeks Trade Duration

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