CFD Trading – Buy ISDN (I07.SGX) @ $0.700. Stop @ $0.645 and Target @ $0.810.

ISDN Stock Code I07.SGX

Price broke above the cloud on 6 April 2021 and has stayed above the cloud since that breakout. There was a price decline but that correction had stayed above the cloud, keeping the uptrend intact. Two days ago, price had gapped higher, hinting of acceleration in the uptrend. Conversion and Base had a bullish crossover earlier, hinting 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. We are expecting price to test the previous high of $0.815 again.

$0.700                Buy
$0.810                Price Target
$0.645                Risk Management Stop
3 weeks              Trade Duration

Leave a Reply

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