CFD Trading – Sell Frencken (E28.SGX) @ $1.50. Stop @ $1.55 and Target @ $1.41.

Frencken Stock Code E28.SGX


Price reached a high of $1.63 on three separate occasions but was unable to move above this resistance high. The pullback has moved below a support line which also triggered a Ichimoku V-shaped price breakout with a price target of $1.40. Conversion and Base lines are about to crossover. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish but is moving lower, hinting of a possible price correction in the process. We are expecting this price correction to bring price to $1.40.

$1.50                 Sell
$1.41                 Price Target
$1.55                 Risk Management Stop
2 weeks              Trade Duration
Please contact your TR to borrow scrip before shorting.

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