CFD Trading – Buy OUE (LJ3.SGX) @ $1.35. Stop @ $1.21 and Target @ $1.61.

OUE Stock Code LJ3.SGX

Outlook
Price reached a high of $1.61 on 14 April 2021 and has been on a decline since that high. The correction has brought price down to the edge of the cloud at $1.27. The correction managed to stay above the cloud, keeping the uptrend intact. Price has moved above the Conversion line and is heading higher after being supported by the cloud. Conversion and Base lines has not had a bullish crossover as yet. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish and could be turning up again from the zero line, which is a hint of a bullish price trend. We are expecting price to advance towards the previous high of $1.61.

Strategy
$1.35                 Buy
$1.61                 Price Target
$1.21                 Risk Management Stop
3 weeks Trade Duration

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